secwatch.observer — SEC 8-K summary
======================================

Issuer:     BioAtla, Inc. (BCAB)
CIK:        0001826892
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001193125-25-290474
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioAtla raises $7.5M via PPAs and $15M SEPA; Yorkville gets 243,428 commitment shares
--------------------------------------------------------------------------------

- PPAs for $7.5M face amount; net proceeds ~$7.13M at 95% of face; due in 12 months.
- PPA conversion price is lower of 115% of prior VWAP or 95% of lowest 7-day VWAP, with floor at 20% of closing price.
- SEPA allows BioAtla to sell up to $15M common stock to Yorkville over 36 months at 97% of lowest 3-day VWAP.
- Yorkville received 243,428 commitment shares worth $300,000 as SEPA fee.
- Company restricts other variable-rate transactions until PPA repaid; 19.99% Exchange Cap may limit total shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826892/000119312525290474/0001193125-25-290474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826892/000119312525290474/bcab-20251120.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-290474

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer