secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Diagnostics Inc. (LUCD)
CIK:        0001799011
Form:       8-K
Filed at:   2024-11-29T23:59:59+00:00
Accession:  0001493152-24-048170
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lucid Diagnostics closes $21.95M senior secured convertible notes private placement; repays 2023 note
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- Sold $21.95M principal amount Senior Secured Convertible Notes, net proceeds $18.3M after repaying 2023 note.
- Used ~$3.6M to redeem 2023 Convertible Note (7.875% interest, $5 conversion price) with ~$2.7M outstanding principal.
- Notes secured by substantially all assets; subsidiaries guarantee obligations.
- Company granted registration rights for underlying common shares; must file resale statement within 120 days.
- Notes convertible into common stock; terms per November 12, 2024 filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1799011/000149315224048170/0001493152-24-048170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1799011/000149315224048170/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048170

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