secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001140361-24-000483
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SANUWAVE Health closes $1.9M convertible note financing with 93M warrants
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- Issued $1.9M principal 15% convertible notes, conversion price $0.04; net proceeds $1.8M.
- Issued 46.5M warrants at $0.067 and 46.5M at $0.04, each 5-yr term, subject to anti-dilution adjustments.
- Subordination agreement with NH Expansion Credit Fund Holdings LP subordinates notes to prior lender.
- Exchange letter agreements with purchasers for conversion into common stock prior to planned SEPA merger.
- Waived reverse stock split, share reserve, and registration obligations through Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124000483/0001140361-24-000483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124000483/ef20017967_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-000483

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