secwatch.observer — SEC 8-K summary
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Issuer:     Cue Health Inc. (—)
CIK:        0001628945
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001193125-23-239734
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/0001193125-23-239734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628945/000119312523239734/d537074d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-239734

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