secwatch.observer — SEC 8-K summary
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Issuer:     Lifeward Ltd. (LFWD)
CIK:        0001607962
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001178913-26-000578
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Lifeward enters $525K secured note with Oramed at 24% interest, expandable by $975K
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- Initial principal $525,000; mutual consent can increase by up to $975,000 for total up to $1.5M.
- Interest at 24% per annum; matures earlier of August 12, 2026 or failure to obtain shareholder approval.
- Note secured by lien on company's cash; proceeds applied ratably with existing $3M secured note.
- Customary covenants limit additional debt, liens, asset sales, and affiliate transactions.
- Events of default include non-payment, covenant breach, insolvency, or material adverse effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607962/000117891326000578/0001178913-26-000578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607962/000117891326000578/zk2634413.htm
  HTML page:      https://secwatch.observer/filing/0001178913-26-000578

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