secwatch.observer — SEC 8-K summary
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Issuer:     PAVmed Inc. (PAVM)
CIK:        0001624326
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001493152-24-009894
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAVmed extends senior secured note maturities to 2025; pays $2M for covenant waiver
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- April 2022 Note maturity extended to April 4, 2025; September 2022 Note to September 8, 2025.
- Holder waived financial covenant (30% market cap to principal ratio) from Dec 1 2023 to Aug 31 2024.
- PAVmed to pay $2M cash (or agreed form) by April 25, 2024 for the amendment and waiver.
- Covenant waiver conditioned on company market capitalization not falling below $75M during period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624326/000149315224009894/0001493152-24-009894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624326/000149315224009894/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009894

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