---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-239734"
form_type: "8-K"
ticker: null
cik: "0001628945"
company_name: "Cue Health Inc."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:41:20.109379+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cue Health adopts one-year shareholder rights plan after rapid third-party share accumulation

## Summary
- Rights plan triggered if any entity acquires 10% or more of HLTH common stock without board approval; passive investors exempt up to 20%.
- Rights plan effective immediately, expires September 20, 2024; rights become exercisable and allow discounted purchase of shares.
- Board unanimously adopted plan in response to rapid share accumulation by an unnamed third party, citing protection of long-term shareholder value.
- Each right initially attached to common shares; exercise price $8.00 per one-thousandth of Series A Preferred Stock, subject to adjustment.
- Plan does not preclude board from considering a full-value offer; rights redeemable for $0.00001 per right before trigger event.

## SEC filing metadata
- accession: 0001193125-23-239734
- form_type: 8-K
- cik: 0001628945
- company_name: Cue Health Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/0001193125-23-239734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/d537074d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-239734
- JSON: https://secwatch.observer/filing/0001193125-23-239734.json
- Plain text: https://secwatch.observer/filing/0001193125-23-239734.txt

## Key facts
- Governance Changes
  Cue Health Inc.: Certificate of Designation of Series A Participating Preferred Stock approved, to be filed with Delaware Secretary of State (effective 2023-09-21).
  - Change: charter amendment
  - Effective: 2023-09-21
  source text: In connection with the adoption of the Rights Agreement, on September 21, 2023 the Board approved a Certificate of Designation of Rights, Preferences and Privileges of Series A Participating Preferred Stock (the “Certificate of Designation”) setting forth the rights, powers and preferences of the Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/0001193125-23-239734-index.htm
- Material Agreements
  Cue Health Inc. entered into Preferred Stock Rights Agreement with Computershare Trust Company, N.A. valued at Rights to purchase one one-thousandth of a share of Series A Participating Preferred Stock at $8.00 (effective 2023-09-21).
  - Action: entry
  - Counterparty: Computershare Trust Company, N.A.
  - Value: Rights to purchase one one-thousandth of a share of Series A Participating Preferred Stock at $8.00
  - Effective: 2023-09-21
  source text: The complete terms of the Rights are set forth in a Preferred Stock Rights Agreement (the “Rights Agreement”), dated as of September 21, 2023, between the Company and Computershare Trust Company, N.A., as rights agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/0001193125-23-239734-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.