secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001140361-24-003890
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sanuwave Health issues $4.6M convertible notes & warrants to existing note holders; no cash proceeds
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- Issued $4.6M principal amount of Future Advance Convertible Promissory Notes at 15% interest, convertible at $0.04/share, to prior ABL note holders.
- Issued Warrants to purchase 113.9M shares at $0.067 and 113.9M shares at $0.04, exercisable for 5 years.
- No cash proceeds; notes and warrants exchanged for prior $4.6M ABL notes issued July 2023 at 33% OID.
- Entered subordination agreement with NH Expansion Credit Fund Holdings LP; North Haven holds senior rights.
- Waiver letter postpones obligations for reverse stock split, share reserve, and registration statement filing through Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124003890/0001140361-24-003890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124003890/ny20018318x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-003890

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