secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001437749-24-011405
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree acquires Varian assets, issues $5.5M Series B Preferred and $1.5M convertible notes
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- 5,500 shares of Series B Convertible Preferred (stated value $5.5M) issued to Varian creditors as asset purchase consideration.
- Up to $2.3M in milestone payments for acquired cancer assets; Windtree may pay in cash or common stock.
- $1.5M senior convertible notes (10% interest, due Jan 2, 2025) at initial conversion price of $0.3603 per share.
- Notes and Preferred have 4.99% beneficial ownership cap and adjustable conversion floor of $0.0721.
- Registration rights agreement filed for resale of conversion shares; stockholder approval sought for issuances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774924011405/0001437749-24-011405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774924011405/wint20240405_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-011405

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