secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001437749-24-022492
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree Therapeutics issues $200K in senior secured/unsecured notes due 2025 at 10% interest with 15% OID
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- Issued $117,647 secured note and $117,647 unsecured promissory note for $200K gross proceeds; 15% original issue discount.
- Notes bear 10% annual interest, increasing to 18% upon default; payable monthly in cash.
- Maturity July 3, 2025, extendable at holder's option; optional redemption at 120% of remaining amount.
- Mandatory redemption from 30% of proceeds if stock sold under equity line of credit.
- Secured note has first-priority security interest in all present and after-acquired assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774924022492/0001437749-24-022492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774924022492/wint20240710_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022492

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