secwatch.observer — SEC 8-K summary
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Issuer:     AKUMIN INC. (—)
CIK:        0001776197
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001193125-23-289219
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/0001193125-23-289219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776197/000119312523289219/d644809d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289219

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