secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Diagnostics Inc. (LUCD)
CIK:        0001799011
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001493152-24-044502
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lucid Diagnostics redeems 2023 convertible note, issues $1.00/sh 12% secured notes due 2029
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- Notice to redeem 2023 Senior Convertible Note at optional redemption price; payment due within 10-20 business days.
- Enters Securities Purchase Agreement for 2024 Senior Secured Convertible Notes with 12% annual interest, 5-year maturity.
- Notes convertible at $1.00/share; secured by all company assets; financial covenant requires minimum $5M cash.
- Event of default if no positive Medicare coverage decision for EsoGuard by 18-month anniversary of issuance.
- PAVmed agrees not to sell LUCD shares for six months from closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1799011/000149315224044502/0001493152-24-044502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1799011/000149315224044502/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044502

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