---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-036665"
form_type: "8-K"
ticker: "WINT"
cik: "0000946486"
company_name: "WINDTREE THERAPEUTICS INC /DE/"
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:49:38.904442+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Windtree issues $857K convertible note due 2026 to fund CommLoan acquisition advance

## Summary
- Issued $857,142.86 in senior convertible notes to an institutional investor; interest 10% per annum, maturity Nov 26, 2026.
- Proceeds: $450,000 advanced to CommLoan Inc. towards a planned acquisition; $150,000 retained for general corporate purposes.
- Conversion price set at 90% of the lowest sale price over 20 consecutive trading days; beneficial ownership cap 4.99% (increaseable to 9.99%).
- Note includes mandatory prepayment triggers: 25% of proceeds from existing stock purchase agreement at 115% premium; full repayment upon $1M+ equity financing.
- Company must file resale registration statement within 45 days for shares underlying the note.

## SEC filing metadata
- accession: 0001437749-25-036665
- form_type: 8-K
- ticker: WINT
- cik: 0000946486
- company_name: WINDTREE THERAPEUTICS INC /DE/
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 3.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946486/000143774925036665/0001437749-25-036665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946486/000143774925036665/wint20251202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-036665
- JSON: https://secwatch.observer/filing/0001437749-25-036665.json
- Plain text: https://secwatch.observer/filing/0001437749-25-036665.txt

## Key facts
- Debt Financings
  WINDTREE THERAPEUTICS INC /DE/ incurred convertible notes of $857,142.86 with an institutional investor at 10% per annum maturing November 26, 2026.
  - Instrument: convertible notes
  - Principal: $857,142.86
  - Counterparty: an institutional investor
  - Rate: 10% per annum
  - Maturity: November 26, 2026
  - Event: incurrence
  source text: issued to an institutional investor (the “Holder”) an aggregate principal amount of $857,142.86 in senior convertible promissory notes due 2026 (the “2026 Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/946486/000143774925036665/0001437749-25-036665-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.