CareView converts $26.2M of Replacement Notes into 262M shares at $0.10/share

CareView Communications Inc

Majority and minority investors converted $26.2M Replacement Notes into 262M shares at $0.10/share; lockup ends Dec 31, 2023.
HealthCor Parties initially convert only 50% of their Notes; remaining 50% awaits stockholder approval to increase authorized shares from 500M to 800M.
Conversion is unregistered under Section 4(a)(2) of the Securities Act; shares bear restrictive legend.
Upon full conversion, all existing transaction documents (Purchase Agreement, Notes, Warrants, etc.) are terminated and claims released.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CareView Communications Inc entered into Replacement Note Conversion Agreement with certain noteholders valued at Conversion of $26,200,000 Replacement Notes into 262,000,000 shares of common stock at $0.10 per sha (effective 2023-03-30).

Action: entry
Counterparty: certain noteholders
Value: Conversion of $26,200,000 Replacement Notes into 262,000,000 shares of common stock at $0.10 per sha
Effective: 2023-03-30

Exact text from the filing

On March 30, 2023, noteholders owning an aggregate of $26,200,000 Replacement Notes, entered into a Replacement Note Conversion Agreement, wherein the Replacement Notes were converted into shares of the Company’s common stock at a conversion price of $0.10 per share, resulting in the issuance of an aggregate of 262,000,000 shares (the “Conversion Shares”).

View on SEC.gov

Browse all material agreements →

CareView Communications Inc filing history →

Source: SEC EDGAR

accession 0001387131-23-004291

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.