secwatch.observer — SEC 8-K summary
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Issuer:     SeaStar Medical Holding Corp (ICU)
CIK:        0001831868
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001193125-22-282579
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SeaStar Medical amends common stock purchase agreement with Tumim Stone Capital; $2.5M commitment fee terms revised
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- On Nov 9, 2022, SeaStar Medical entered into Amendment No. 1 to Common Stock Purchase Agreement and Registration Rights Agreement with Tumim Stone Capital LLC.
- $2.5M commitment fee: $1M cash paid on Oct 28, 2022; $500k cash due within 30 days of registration effective date; $1M in newly issued common shares at VWAP.
- Exchange Cap set at 2,538,663 shares (19.99% of pre-closing outstanding shares); beneficial ownership limit for investor at 4.99%.
- Agreement allows company to sell up to 10 million shares in VWAP purchases from Tumim following Commencement.
- All amendments became effective immediately upon closing on November 9, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831868/000119312522282579/0001193125-22-282579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831868/000119312522282579/d378741d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-282579

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