secwatch.observer — SEC 8-K summary
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Issuer:     SANUWAVE Health, Inc. (SNWV)
CIK:        0001417663
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001140361-24-030816
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sanuwave Health raises $1.8M: $1.3M convertible notes, $0.5M insider loan; warrants for 65M shares
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- Issued $1.3M convertible notes (15% interest, $0.04 conversion) and warrants for 65M shares ($0.067/$0.04 exercise).
- Separate $0.5M promissory note to insider Manchester Explorer, 15% interest, matures Dec 18, 2024.
- Total proceeds $1.8M; notes and warrants subordinated to NH Expansion Credit Fund.
- Letter agreements allow Purchasers to exchange notes/warrants for common stock at $0.04 before SEPA merger or reverse split.
- Waivers extended through Dec 31, 2024 for reverse split, share reserve, and registration obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124030816/0001140361-24-030816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417663/000114036124030816/ef20031384_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-030816

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