secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001437749-24-021726
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree enters $35M equity line, issues $350K convertible note and $405K bridge notes
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- Common Stock Purchase Agreement with Seven Knots, LLC allows sales up to $35M (or 19.99% outstanding) over 36 months at up to 5% discount to VWAP.
- Issued $350,000 convertible promissory note as commitment fee; 10% interest, convertible at 20% discount to lowest intraday price.
- Issued $287,500 and $117,647 senior secured bridge notes (10% interest, 15% OID) for $350,000 aggregate net proceeds; mandatory redemption from equity line proceeds.
- Equity line purchases require SEC registration effective and common stock price at or above $0.50; company controls timing and amount.
- Company plans to use proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774924021726/0001437749-24-021726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774924021726/wint20240630_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-021726

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