secwatch.observer — SEC 8-K summary
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Issuer:     BIOLASE, INC (—)
CIK:        0000811240
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236981
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BIOLASE closes $4.5M public offering of Series J Preferred and Warrants
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- Gross proceeds $4.5M from sale of 75,000 units at $60/unit; underwriting discounts and expenses deducted.
- Each unit: one share Series J Preferred (liquidation preference $100, 20% PIK dividend) and one warrant to buy 0.5 preferred at $30.
- Series J Preferred convertible to common at $3.26/share, maturity September 18, 2024.
- Net proceeds will be used for working capital and general corporate purposes.
- Lake Street Capital Markets and Maxim Group acted as joint bookrunners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811240/000119312523236981/0001193125-23-236981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811240/000119312523236981/d524160d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236981

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