secwatch.observer — SEC 8-K summary
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Issuer:     United Health Products, Inc. (UEEC)
CIK:        0001096938
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001477932-22-006710
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Health Products enters $10M equity line with White Lion; receives $200k and 2M shares from former exec settlement
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- Entered common stock purchase agreement with White Lion Capital for up to $10M over 36 months.
- Issued 757,576 commitment shares; purchase price at 93% of VWAP or closing floor of $0.30.
- Received ~$200k cash and 2M shares returned from former executive; shares available for reissuance.
- Litigation settlement with auditor-related defendant will yield cash payment this month.
- FDA PMA process continues; audit and production completion expected within 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096938/000147793222006710/0001477932-22-006710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096938/000147793222006710/ueec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-006710

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