secwatch.observer — SEC 8-K summary
======================================

Issuer:     BIO-PATH HOLDINGS, INC. (BPTH)
CIK:        0001133818
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001104659-25-041256
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 $161K promissory note to Quick Capital; default-conversion at 65% of low bid
--------------------------------------------------------------------------------

- Principal $161K, purchase price $140K after $21K original issue discount.
- 12% one-time interest; five payments from Oct 2025 to Feb 2026 ($90,160 first, then $22,540 each).
- Upon default, conversion at 65% of lowest closing bid price over 10 prior trading days; default penalty 150% plus 22% interest.
- Unregistered sale under Rule 506(b) / Section 4(a)(2); use of proceeds for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133818/000110465925041256/0001104659-25-041256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133818/000110465925041256/tm2513536d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-041256

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