WINDTREE THERAPEUTICS INC /DE/ (WINT): debt financing — Windtree Therapeutics issues $312.5K in senior secured convertible notes at 20% OID for net proceeds of $250K

WINDTREE THERAPEUTICS INC /DE/

Aggregate principal $312,500 with 20% OID; net proceeds $250,000 from two institutional investors.
Notes mature Jan 4, 2026; 10% interest payable monthly; mandatory prepayment of 25% of gross proceeds from future common stock purchase agreement with 120% premium.
Conversion price $1.10 per share; anti-dilution adjustment if subsequent equity sales at lower price.
Company must file registration statement on Form S-1 for resale of conversion shares within 20 days.
Events of Default trigger additional interest of 2% per month (24% per annum).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

WINDTREE THERAPEUTICS INC /DE/ incurred senior notes of aggregate principal amount of $312,500 with two institutional investors at 10% per annum maturing January 4, 2026.

Instrument: senior notes
Principal: aggregate principal amount of $312,500
Counterparty: two institutional investors
Rate: 10% per annum
Maturity: January 4, 2026
Event: incurrence

Exact text from the filing

On April 4, 2025, the Company agreed to issue and sell to two institutional investors (the “Holders”) 20% OID Senior Secured Promissory Notes in an aggregate principal amount of $312,500 (the “Notes”), at an original issue discount of 20%, for gross proceeds of $250,000.

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10 debt financings filed in the last 30 days. Browse all debt financings →

WINDTREE THERAPEUTICS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001437749-25-011690

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