secwatch.observer — SEC 8-K summary
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Issuer:     Envoy Medical, Inc. (COCH)
CIK:        0001840877
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001213900-24-109750
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envoy Medical draws $5M from GAT Funding note, issues warrant for 500k shares
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- Drew $5M under promissory note from GAT Funding (entity controlled by board member Glen Taylor); total principal now $10M.
- Issued warrant to purchase 500k shares of Class A common stock at $2.20/share as commitment fee.
- Warrant expires Dec 11, 2026; exercise price equals closing price on draw date.
- Note originally issued Aug 27, 2024 for up to $10M; this draw reaches maximum principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840877/000121390024109750/0001213900-24-109750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840877/000121390024109750/ea0225002-8k_envoy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-109750

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