secwatch.observer — SEC 8-K summary
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Issuer:     RADNOSTIX INC (INIS)
CIK:        0001038277
Form:       8-K
Filed at:   2026-07-01T20:08:34+00:00
Accession:  0001437749-26-022282
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radnostix acquires Lara System assets for $900K; issues $500K convertible note to related party
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- Acquired Lara System and Ellexa Explorer assets from Lucerno Dynamics for $150K cash + $750K in stock (20-day VWAP).
- Potential milestone payments: $500K stock upon Nuclear Medicine Clarification Act approval, $250K stock on Lara System placements, plus earnouts.
- Issued $500K convertible promissory note to Kershner Grosso & Co. (owned by chairman) at 5% interest, convertible at $0.07/share, maturity 2031.
- Amended historic notes (2013, 2018, 2019) totaling ~$1.62M: extended maturity to 2031, released liens, added conversion rights at $0.07 and forced conversion at $0.12 VWAP.
- The note and amendments are related-party transactions approved by disinterested directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038277/000143774926022282/0001437749-26-022282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038277/000143774926022282/inis20260629_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-022282

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