---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-256699"
form_type: "8-K"
ticker: "ORGO"
cik: "0001661181"
company_name: "Organogenesis Holdings Inc."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:57:28.536020+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Organogenesis raises $130M convertible preferred, repurchases 7.4M shares, appoints Avista director

## Summary
- Sold 130,000 shares of Series A Convertible Preferred Stock at $1,000/share for gross proceeds of $130M.
- Net proceeds used for strategic growth, debt repayment, and repurchase of 7.4M common shares from directors at $3.1597/share (~$23.5M).
- Preferred pays 8% annual dividend, compounded quarterly, payable in cash or PIK; conversion price initially $3.7917 (20% premium).
- Company expects to prepay ~$62.5M term loan principal and interest on Nov 13, 2024, using offering proceeds.
- Appointed Garrett Lustig (Avista Principal) to Board, increasing board size to twelve.

## SEC filing metadata
- accession: 0001193125-24-256699
- form_type: 8-K
- ticker: ORGO
- cik: 0001661181
- company_name: Organogenesis Holdings Inc.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 2.04, 3.02, 3.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1661181/000119312524256699/0001193125-24-256699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1661181/000119312524256699/d885519d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-256699
- JSON: https://secwatch.observer/filing/0001193125-24-256699.json
- Plain text: https://secwatch.observer/filing/0001193125-24-256699.txt

## Key facts
- Executive change
  Garrett Lustig was appointed as Director at Organogenesis Holdings Inc..
  - Action: appointed
  - Role: Director
  source text: On November 12, 2024, the Board appointed Garrett Lustig to the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1661181/000119312524256699/0001193125-24-256699-index.htm

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