secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001437749-26-003387
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catheter Precision raises $2.18M in private placement, acquires 19.98% stake in FLYTE for $5.25M
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- Initial closing of private placement yields $2.18M; additional closings could raise up to ~$44.6M total.
- Issues Series C-1 convertible preferred at $1.43/share; conversion price can reset to 80% of market price after stockholder approval.
- Acquires 19.98% of Fly Flyte, Inc. (air-mobility) for $5.25M in Series D convertible preferred, contingent on stockholder approval.
- Existing Series B preferred and warrants repriced to $1.78, generating $400k cash from warrant exercises.
- Proceeds to repay debt, wind down legacy catheter business, and explore going-private or spin-off transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000143774926003387/0001437749-26-003387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000143774926003387/vtak20260206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-003387

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