secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001437749-25-016188
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catheter Precision raises $1.5M cash, issues 3,000 Series B Preferred shares and warrants
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- Series B Preferred: 3,000 shares at $1,000 stated value; 1,500 sold for $1.5M cash, 1,500 issued for QHSLab notes.
- Cash investors: C/M Capital (600 shares, 1.71M warrants), WVP/C/M Capital (400 shares, 1.14M warrants).
- Mercer Street receives 2,000 Series B shares and 1.43M warrants in exchange for ~$1.6M defaulted QHSLab notes.
- Conversion price $0.35/share; ~2,858 common shares per preferred share; warrants $0.50, 5.5-year term, callable above $1.50 VWAP.
- Stockholder approval needed for conversion beyond 19.99% of outstanding and warrant exercise; meeting July 25, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000143774925016188/0001437749-25-016188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000143774925016188/vtak20250512_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016188

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