secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001140361-23-036259
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SANUWAVE issues $4.6M secured notes at 33.33% OID; net $3.0M; conversion warrants at $0.04-$0.067
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- Issued $4.6M principal Asset-Backed Secured Promissory Notes at 33.33% original issue discount, net proceeds ~$3.0M.
- Notes bear 0% interest, mature Jan 21, 2023; upon maturity convert into Future Advance Convertible Notes and warrants.
- Warrants exercisable at $0.04 and $0.067 per share; number of shares = principal divided by $0.04.
- Security interest on all assets (except Master Lease equipment); subordinated to NH Expansion Credit Fund Holdings LP.
- Private placement to accredited investors, exempt from registration under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000114036123036259/0001140361-23-036259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000114036123036259/brhc20056259_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-036259

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