secwatch.observer — SEC 8-K summary
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Issuer:     AKUMIN INC. (—)
CIK:        0001776197
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001193125-24-025866
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akumin emerges from Chapter 11; Stonepeak becomes 100% owner, old equity cancelled
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- Plan effective Feb 6, 2024; all existing common stock cancelled, Stonepeak now 100% owner of reorganized company.
- Issued $436.2M New 2027 Notes at 8% cash interest (step-up to 9% PIK option after Nov 2025) and $354.6M New 2028 Notes at 8% cash.
- Entered $55M revolving credit facility (New RCF Exit Facility) with PNC Bank; matures 2 years from Effective Date.
- Prior $55M RCF, $400M+$75M 2025 notes, $375M 2028 notes, and $357M Stonepeak PIK note cancelled under Plan.
- Company to file Form 15 to suspend SEC reporting; new board appointed: Graham Brown, James Wyper, Bill Theofilou.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776197/000119312524025866/0001193125-24-025866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776197/000119312524025866/d31963d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-025866

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