secwatch.observer — SEC 8-K summary
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Issuer:     PURE BIOSCIENCE, INC. (PURE)
CIK:        0001006028
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001493152-23-024119
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Bioscience raises $1.015M via convertible notes from accredited investors
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- Issued convertible promissory notes for $1.015M initial principal; potential subsequent closings up to $1.8M total.
- Notes bear 7.55% annual interest, mature in three years, convertible at 30-day VWAP with $0.15 floor and $0.23 cap.
- Board members Tom Y. Lee and Ivan Chen invested $1,000,000 and $15,000 respectively.
- Notes sold in private placement under Section 4(a)(2); disinterested board approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006028/000149315223024119/0001493152-23-024119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006028/000149315223024119/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024119

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