secwatch.observer — SEC 8-K summary
======================================

Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001437749-25-011690
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree Therapeutics issues $312.5K in senior secured convertible notes at 20% OID for net proceeds of $250K
--------------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774925011690/0001437749-25-011690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774925011690/wint20250410_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-011690

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