secwatch.observer — SEC 8-K summary
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Issuer:     SeaStar Medical Holding Corp (ICU)
CIK:        0001831868
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001193125-23-072022
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SeaStar Medical closes initial $3.3M tranche of $9.8M convertible note private placement
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- Initial note: $3.26M face, 8% OID, 7% interest, matures June 15, 2024; net proceeds $2.37M.
- Conversion price $2.70/share; warrant to buy 328,352 shares at $2.97, five-year term.
- Up to $9.8M total via three additional closings, contingent on registration and shareholder approval.
- Extended maturity of existing promissory notes from Maxim Group and LM Funding to June 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831868/000119312523072022/0001193125-23-072022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831868/000119312523072022/d463790d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-072022

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