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

Issuer:     HealthLynked Corp (HLYK)
CIK:        0001680139
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001213900-24-050045
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthLynked CEO Dr. Michael Dent provides $1M convertible note financing via trust
--------------------------------------------------------------------------------

- Issued $1M senior secured convertible note to Mary S. Dent Gifting Trust (CEO-controlled) on June 3, 2024.
- Note matures June 3, 2025; 12% interest (18% upon default); 5% OID; net proceeds $950,000.
- Conversion and warrant exercise price $0.0497; warrant covers 10M shares with 10-year term.
- Proceeds used for working capital and general corporate purposes; collateralized by all company assets.
- Insider financing underscores CEO commitment to growth and shareholder value, per press release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680139/000121390024050045/0001213900-24-050045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680139/000121390024050045/ea0207368-8k_health.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-050045

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