secwatch.observer — SEC 8-K summary
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Issuer:     Aditxt, Inc. (ADTX)
CIK:        0001726711
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001213900-23-060842
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aditxt issues $2.625M secured note, receives $1.75M; grants 1.09M commitment shares
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- Issued secured promissory note of $2,625,000 principal; gross proceeds $1,750,000.
- Issued 1,093,750 commitment shares as fee; 691,106 issued immediately, remainder within 120 days.
- Note matures Dec 31, 2023; convertible after shareholder approval at $0.39 per share.
- Company granted security interest in collateral under Security Agreement.
- Shareholder approval required for issuance exceeding 19.99% of outstanding shares (1,521,056).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726711/000121390023060842/0001213900-23-060842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726711/000121390023060842/ea182558-8k_aditxtinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-060842

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