---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-041023"
form_type: "8-K"
ticker: "SNWV"
cik: "0001417663"
company_name: "SANUWAVE Health, Inc."
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:42:50.261879+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SANUWAVE Health merges with SPAC SEP Acquisition Corp. in business combination

## Summary
- Merger consideration: 7,793,000 shares of SEPA Class A common stock to SANUWAVE securityholders.
- Closing conditions include at least $12M in cash and conversion of 80% of convertible notes and warrants.
- Termination fee of $2.5M payable by SANUWAVE under certain circumstances.
- Sponsor voting agreement with Mercury Sponsor Group I LLC to vote in favor of the merger.
- Lock-up agreements for 180 days post-closing for certain SANUWAVE stockholders.

## SEC filing metadata
- accession: 0001140361-23-041023
- form_type: 8-K
- ticker: SNWV
- cik: 0001417663
- company_name: SANUWAVE Health, Inc.
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1417663/000114036123041023/0001140361-23-041023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1417663/000114036123041023/brhc20057802_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-041023
- JSON: https://secwatch.observer/filing/0001140361-23-041023.json
- Plain text: https://secwatch.observer/filing/0001140361-23-041023.txt

## Key facts
- Material Agreements
  SANUWAVE Health, Inc. entered into Agreement and Plan of Merger with SEP Acquisition Corp. valued at 7,793,000 shares of Class A Common Stock of SEPA as merger consideration (effective 2023-08-23).
  - Action: entry
  - Agreement: merger
  - Counterparty: SEP Acquisition Corp.
  - Value: 7,793,000 shares of Class A Common Stock of SEPA as merger consideration
  - Effective: 2023-08-23
  source text: On August 23, 2023, SANUWAVE Health, Inc., a Nevada corporation (“ SANUWAVE ” or the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among SEP Acquisition Corp., a Delaware corporation (“ SEPA ”), SEP Acquisition Holdings Inc., a Nevada corporation and a wholly owned subsidiary of SEPA (“ Merger Sub ”), and SANUWAVE.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1417663/000114036123041023/0001140361-23-041023-index.htm

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