secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001437749-25-031178
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 2.03, 3.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Windtree Therapeutics issues $1.6M in senior convertible notes due 2026 with 10% interest and dilutive conversion terms
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- Issued $1.6M aggregate principal in senior convertible promissory notes due Oct 9, 2026 to institutional investors.
- Notes bear 10% per annum interest, payable monthly starting Nov 5, 2025; principal and accrued interest due at maturity.
- Conversion price set at 90% of lowest sale price over 20 consecutive trading days prior to conversion; subject to automatic adjustment if conversion price < 80% of market price.
- Notes junior to existing June 2025 senior convertible note held by DFU, LLC.
- 25% of gross proceeds from Common Stock Purchase Agreement must prepay notes at 120% premium; full prepayment required upon qualified equity financing of $1M+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774925031178/0001437749-25-031178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774925031178/wint20251015_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-031178

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