secwatch.observer — SEC 8-K summary
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Issuer:     20230930-DK-Butterfly-1, Inc. (—)
CIK:        0000886158
Form:       8-K/A
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001193125-23-032714
Event type: debt
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBBY issues Series A convertible preferred, warrants, and enters $100M FILO term loan
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- Issued 23,685 shares of Series A Convertible Preferred Stock at $10,000 stated value and warrants to purchase additional shares.
- Issued 95,387,533 Common Stock Warrants exercisable at $6.15 per share, expiring in five years.
- Entered Second Amendment to Credit Agreement providing $100 million FILO term loan and waiving existing defaults.
- Received $225 million initial tranche of equity investment as part of the financing.
- Company acknowledges substantial doubt about its ability to continue as a going concern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/0001193125-23-032714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886158/000119312523032714/d443765d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-032714

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