secwatch.observer — SEC 8-K summary
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Issuer:     Guerrilla RF, Inc. (GUER)
CIK:        0001832487
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001437749-23-020077
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guerrilla RF issues $260K convertible notes at 8% interest; board members invest $130K
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- Aggregate principal of $260,000 in unsecured convertible notes issued to accredited investors; 8% simple interest.
- Directors Ryan Pratt and William J. Pratt invested $80K and $50K respectively; disinterested board approved.
- Notes automatically convert into next equity financing if gross proceeds ≥ $2M; conversion at lowest per-share price in that round.
- In a corporate transaction, holders can elect cash repayment with 20% premium or conversion at $6.00/share.
- Maturity December 31, 2024; notes are exempt from registration under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832487/000143774923020077/0001437749-23-020077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832487/000143774923020077/guer20230713_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020077

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