secwatch.observer — SEC 8-K summary
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Issuer:     HealthLynked Corp (HLYK)
CIK:        0001680139
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001213900-24-081421
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthLynked issues $900K convertible notes at 12% with warrant to CEO's trust
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- Aggregate principal $900,000, net proceeds $855,000 after 5% OID; issued in 10 tranches from July to Sept 2024.
- Notes secured by first priority lien on all assets; convertible at $0.0486/share; interest 12% (18% on default).
- Warrant to purchase 9,259,258 shares at $0.0486/share for 10 years issued to same purchaser.
- Purchaser is Mary S. Dent Gifting Trust, controlled by CEO Dr. Michael Dent; proceeds for working capital.
- Notes mature six months from each advance date; unregistered sale under Section 4(a)(2) and Reg D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680139/000121390024081421/0001213900-24-081421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680139/000121390024081421/ea0215152-8k_health.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-081421

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