secwatch.observer — SEC 8-K summary
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Issuer:     PAVmed Inc. (PAVM)
CIK:        0001624326
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001493152-24-006906
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 8.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAVmed distributes 3.33M Lucid Diagnostics shares as special dividend; warrant price adjusted
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- PAVmed distributed 3,331,747 shares of Lucid Diagnostics common stock as a special pro rata dividend to common and preferred stockholders.
- Each PAVmed share entitled to 0.37709668 Lucid Diagnostics shares based on record date January 15, 2024.
- After distribution, PAVmed retains approx. 65.2% ownership of Lucid Diagnostics; 6.9% distributed.
- Exercise price of Series Z Warrants reduced from $24.00 to $23.48 per share due to dividend fair value of $0.52.
- Senior convertible note holders waived participation in the distribution; no fractional shares issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624326/000149315224006906/0001493152-24-006906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624326/000149315224006906/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006906

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