secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2025-06-11T23:59:59+00:00
Accession:  0001437749-25-020048
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree raises $3.9M via convertible notes; signs non-binding LOIs for Varian asset sale and Titan acquisition
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- Raised $3.1M from DFU convertible note and $800K from other investors; proceeds to retire Titan debt and fund operations.
- Issued $6.6M senior note to Standard Waste Services, maturing Jan 2026 or upon Titan acquisition; $1.99M OID.
- Signed non-binding LOI to acquire Titan for $35M in preferred stock plus $1.75M bridge loans; break-up fee $8M.
- Signed non-binding LOI to sell Varian assets for up to $7M cash/shares plus milestones/royalties; options for $5M.
- Received lease default notice for $159,800; also default on Aubrey Agreement risking $1.4M deposit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774925020048/0001437749-25-020048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774925020048/wint20250611_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-020048

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