secwatch.observer — SEC 8-K summary
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Issuer:     Ainos, Inc. (AIMD)
CIK:        0001014763
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001493152-25-009745
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ainos amends convertible note: maturity extended to 2027, conversion price floor lowered to $4.50
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- Maturity extended from ~March 2025 to March 12, 2027; principal $2M at 6% compounded interest unchanged.
- Conversion price changed from fixed $7.50 to lower of $7.50 or higher of 30-day avg closing price and $4.50.
- Amendment with ASE Test, Inc., a shareholder of Ainos' controlling shareholder (Cayman entity).
- Note remains convertible at holder's election; new formula may reduce conversion price from $7.50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014763/000149315225009745/0001493152-25-009745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014763/000149315225009745/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-009745

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