---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029376"
form_type: "8-K"
ticker: "BPTH"
cik: "0001133818"
company_name: "BIO-PATH HOLDINGS, INC."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T02:54:39.648130+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bio-Path issues $100K promissory note with default conversion at 65% of bid price

## Summary
- Net proceeds of $87,000 after $13,050 original issue discount; note principal $100,050.
- 12% interest; payments begin Sep 30, 2025 ($56,028), then four monthly $14,007 payments.
- On default, note payable at 150% of outstanding plus 22% default interest.
- Upon default, lender may convert to common at 65% of lowest closing bid over prior 10 trading days.
- Company had 8,308,007 shares outstanding; conversion shares unregistered under Reg D.

## SEC filing metadata
- accession: 0001104659-25-029376
- form_type: 8-K
- ticker: BPTH
- cik: 0001133818
- company_name: BIO-PATH HOLDINGS, INC.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/0001104659-25-029376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/tm2510724d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029376
- JSON: https://secwatch.observer/filing/0001104659-25-029376.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029376.txt

## Key facts
- Debt Financings
  BIO-PATH HOLDINGS, INC. incurred debt of $100,050 with 1800 Diagonal Lending LLC at twelve percent.
  - Principal: $100,050
  - Counterparty: 1800 Diagonal Lending LLC
  - Rate: twelve percent
  - Event: incurrence
  source text: Lending LLC, a Virginia limited liability company (the “Lender”), an accredited investor, for the issuance and sale of a promissory note in the aggregate principal amount of $100,050 (the “Note”) for a purchase price of $87,000 after deducting the original issue discount of $13,050. The Note bears a one-time interest charge of twelve percent that is applied on
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/0001104659-25-029376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.