secwatch.observer — SEC 8-K summary
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Issuer:     WESTWATER RESOURCES, INC. (WWR)
CIK:        0000839470
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001104659-25-059140
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwater Resources raises $5M via convertible notes with $0.63/share conversion price
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- Issued $5M aggregate principal amount of senior convertible notes to institutional investors in registered direct offering.
- Notes convertible at $0.63/share, 24-month maturity, 18% default interest rate.
- Monthly amortization payments in cash or common stock; 115% prepayment premium available.
- Company to seek stockholder approval for conversions exceeding 19.9% of outstanding shares; directors agree to vote in favor.
- Beneficial ownership cap of 9.99% on conversion to comply with NYSE American rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/839470/000110465925059140/0001104659-25-059140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/839470/000110465925059140/tm2517706d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-059140

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