other material
confidence high
sentiment negative
materiality 0.68
Flyte Aviation raises $2.05M in Series C-4 preferred; cuts conversion price on all convertible preferred to $1.00
Catheter Precision, Inc.
- Investors agreed to buy 2,050 Series C-4 convertible preferred shares at $1,000 stated value, raising $2.05M; closing expected on or about Oct 13, 2026; Dawson James is placement agent.
- Conversion price of all outstanding Series C-1, C-2, C-3, C-4 and Series D convertible preferred cut from $2.30 to $1.00, with the applicable floor price waived.
- Series J convertible preferred conversion price also reduced to $1.00; only shares issuable at the prior $15.60 price ($1.56 pre-split) are registered for resale.
- Series C-4 shares convert at $1.00 into up to 2,050,000 common shares, subject to a 4.99% beneficial ownership cap that holders may raise to 9.99% on 61 days' notice.
- Conversion cuts follow a 1-for-10 reverse stock split effected Oct 5, 2026; the placement was sold to accredited investors under Section 4(a)(2)/Rule 506(b) and is unregistered.