debt
confidence high
sentiment negative
materiality 0.75
Sanuwave gets forbearance extension on defaulted notes; $671K consent fee added to principal
SANUWAVE Health, Inc.
- Existing defaults under NWPSA continue; lenders forbear remedies until Dec 31, 2024.
- Consent fee of $670,841 added to principal of notes as of June 30, 2024.
- Deferred interest of $163,519 and default interest of $272,532 for Q1 2024 recognized.
- From Apr 1, 2024, deferred & default interest calculated on principal quarterly, including accrued default interest.