secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001437749-25-013977
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree to acquire 436-unit Houston multifamily property for ~$43M; issues Series D preferred for $2.5M
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- WINT LLC (subsidiary) assigned rights to buy property; advanced $1.4M earnest money to extend closing to May 23, 2025.
- Purchase price ~$43M, funded by non-recourse mortgage and preferred stock; two 30-day extensions at $1M each.
- Closed private placement of 3,125 Series D Convertible Preferred shares for gross proceeds of ~$2.5M; conversion price $1.368.
- Series D pays 10% dividend (18% default), no voting rights, 4.99/9.99% beneficial ownership cap, and multiple redemption options.
- Rental revenue expected to support therapeutic pipeline; actively seeking additional revenue-generating acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774925013977/0001437749-25-013977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774925013977/wint20250422_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013977

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