---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-289219"
form_type: "8-K"
ticker: null
cik: "0001776197"
company_name: "AKUMIN INC."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:09:55.815604+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Akumin OKs $130M DIP financing, confirms prepackaged plan, stock delisted to OTC Pink

## Summary
- Bankruptcy Court authorized DIP facility increase from $75M to $130M from Stonepeak Magnet Holdings.
- Company borrowed $10M on Nov 29 and $6M on Dec 4 under the DIP facility.
- Prepackaged Chapter 11 plan confirmed on Nov 30; existing common stock canceled in exchange for cash contribution and CVRs.
- Common stock delisted from Nasdaq on Nov 30; now trades on OTC Pink under symbol AKUMQ.
- Series A note holders to receive 100% of new common stock of reorganized parent, subject to dilution.

## SEC filing metadata
- accession: 0001193125-23-289219
- form_type: 8-K
- cik: 0001776197
- company_name: AKUMIN INC.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.03, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/0001193125-23-289219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/d644809d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-289219
- JSON: https://secwatch.observer/filing/0001193125-23-289219.json
- Plain text: https://secwatch.observer/filing/0001193125-23-289219.txt

## Key facts
- Debt Financings
  AKUMIN INC. incurred credit facility of up to $16 million with Stonepeak at 8.00% per annum payable in kind.
  - Instrument: credit facility
  - Principal: up to $16 million
  - Counterparty: Stonepeak
  - Rate: 8.00% per annum payable in kind
  - Event: incurrence
  source text: The information set forth in Item 1.03 of this Current Report on Form 8-K under the captions “Amendment to Debtor-in-Possession Financing” and “Notices of Borrowing of $16 million in Debtor-in-Possession Financing from Stonepeak” is incorporated by reference into this Item 2.03. Under the terms of the Amended DIP Term Sheet, the DIP Facility Loans accrue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/0001193125-23-289219-index.htm
- Distress & Bankruptcy
  AKUMIN INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2023-10-22).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas
  - Petition: 2023-10-22
  source text: the Debtors filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the "Bankruptcy Code") in the Bankruptcy Court on October 22, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/0001193125-23-289219-index.htm

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