secwatch.observer — SEC 8-K summary
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Issuer:     BIO-PATH HOLDINGS, INC. (BPTH)
CIK:        0001133818
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001104659-25-029376
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/0001104659-25-029376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133818/000110465925029376/tm2510724d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-029376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer