secwatch.observer — SEC 8-K summary
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Issuer:     Envoy Medical, Inc. (COCH)
CIK:        0001840877
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001213900-25-080530
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envoy Medical extinguishes $32M debt for $100k; Glen Taylor resigns from board
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- Paid $100,000 to satisfy $32,011,552 in principal and accrued interest on three promissory notes held by GAT Funding (Glen Taylor).
- Glen Taylor resigned from the board effective August 25, 2025; no disagreement with company operations.
- Notes dated Feb 2024, Aug 2024, and Mar 2025 each had $10M initial principal; all obligations deemed satisfied.
- Company says extinguishment strengthens balance sheet, eliminates term loan obligations without equity conversion.
- Satisfaction agreement approved by independent Audit Committee; Taylor did not serve on that committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840877/000121390025080530/0001213900-25-080530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840877/000121390025080530/ea0254590-8k_envoy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-080530

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