---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028844"
form_type: "8-K"
ticker: "OCEA"
cik: "0001869974"
company_name: "Ocean Biomedical, Inc."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:11:46.722733+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocean Biomedical secures up to $7.675M financing, issues 3.8M shares to settle defaults

## Summary
- Up to $7.675M additional secured notes; first $1.1M tranche used for 2023 audit and quarterly reporting costs.
- Existing defaults cured; maturity extended to Dec 15, 2024; installment payments waived until Sept 1 or 10-K filing.
- Issued 3,844,466 restricted shares and 1,332,806 warrants to institutional investor for past defaults and penalty shares.
- Amended earnout shares: 18M shares to be issued in three tranches of 6M each now and on anniversaries.
- Settled $2.7M promissory notes with two institutional investors via shares and cash or deferred shares.

## SEC filing metadata
- accession: 0001493152-24-028844
- form_type: 8-K
- ticker: OCEA
- cik: 0001869974
- company_name: Ocean Biomedical, Inc.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1869974/000149315224028844/0001493152-24-028844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869974/000149315224028844/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028844
- JSON: https://secwatch.observer/filing/0001493152-24-028844.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028844.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.