secwatch.observer — SEC 8-K summary
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Issuer:     Longeveron Inc. (LGVN)
CIK:        0001721484
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001213900-26-026930
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 5.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Longeveron raises ~$15.9M in private placement with potential additional $15M tied to HLHS milestone
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- Initial gross proceeds of ~$15.9M from sale of 6,013,384 common shares at $0.52 and 11,873 Series A Preferred shares convertible at $0.52.
- Second closing of ~$15M contingent on Phase 2b HLHS statistical significance and VWAP ≥ $1.85 on volume ≥25M shares.
- Series A Preferred Stock non-voting, convertible to common with 4.99% ownership limitation (holder can increase to 9.99%).
- Cash runway extended into Q4 2026, past anticipated Phase 2b ELPIS II topline data in Q3 2026.
- Placement agent warrants for 2,019,231 shares at $0.65 (125% of share price), exercisable for 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1721484/000121390026026930/0001213900-26-026930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1721484/000121390026026930/ea0281100-8k_longeveron.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-026930

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