secwatch.observer — SEC 8-K summary
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Issuer:     FEMASYS INC (FEMY)
CIK:        0001339005
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001140361-25-041180
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Femasys raises $12M via senior secured convertible notes and warrants
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- Senior secured convertible notes: $12M aggregate principal, 8.5% interest (PIK), conversion price $0.73 (15% premium to close), 10-year maturity.
- Series A-1/B-1/C-1 warrants at $0.81/$0.92/$1.10 exercise prices, expiring 10 years (some subject to early expiry based on sales or FDA approval).
- Proceeds to repay existing $12M Nov 2023 senior notes and for working capital; first closing Nov 7, second Nov 26, 2025.
- CEO Kathy Lee Sepsick, CFO, and board member purchased $100k of notes/warrants on same terms as other investors.
- Lead lender Pointillist Global Macro receives board nomination right until ownership <4.99% or 5 years; standstill at 30%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1339005/000114036125041180/0001140361-25-041180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1339005/000114036125041180/ef20058459_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-041180

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