secwatch.observer — SEC 8-K summary
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Issuer:     WINDTREE THERAPEUTICS INC /DE/ (WINT)
CIK:        0000946486
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001437749-25-036665
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 3.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946486/000143774925036665/0001437749-25-036665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946486/000143774925036665/wint20251202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-036665

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