secwatch.observer — SEC 8-K summary
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Issuer:     INTERPACE BIOSCIENCES, INC. (IDXG)
CIK:        0001054102
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001493152-22-012703
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interpace Biosciences issues $2M convertible note to BroadOak; conversion tied to PIPE of >=$10M
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- $2M principal, 9% annual interest, unsecured, interest-only until Aug 5, 2022 maturity date.
- Converts into common stock automatically if PIPE closing of at least $10M net proceeds occurs by maturity.
- If PIPE not closed by Aug 5, 2022, converts into additional term loan under existing BroadOak subordinated facility.
- Comerica Bank consented; note is subordinated to Comerica's senior secured debt.
- Proceeds used for general corporate purposes and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1054102/000149315222012703/0001493152-22-012703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1054102/000149315222012703/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-012703

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