secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Biomedical, Inc. (OCEA)
CIK:        0001869974
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001493152-23-005384
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Biomedical enters share purchase assignments and subscription with Meteora and Polar
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- Vellar assigned obligation to buy 2,666,667 shares to Meteora and 2,000,000 shares to Polar under Backstop Agreement.
- Polar subscribed for 1,350,000 newly-issued shares at $10.56/share, aggregate $14.26 million.
- Original Backstop Agreement allows up to 8,000,000 shares for up to $80 million in open market purchases.
- Agreements dated Feb 13-14, 2023; part of financing related to business combination and redemption offer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869974/000149315223005384/0001493152-23-005384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869974/000149315223005384/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005384

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