secwatch.observer — SEC 8-K summary
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Issuer:     Scienture Holdings, Inc. (SCNX)
CIK:        0001382574
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001493152-26-020931
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scienture Holdings secures $11M secured note financing from Streeterville Capital
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- $8.42M A-1 Note (net $8M after $400K OID) and $3M B Note issued; total proceeds $11M.
- A-1 Note bears 9% interest, 18-month maturity; B Note bears 5% interest, 18-month maturity, funds held in DACA.
- B Note may be exchanged for additional A Notes in $1M increments as A-1 balance reduces.
- After 8 months, Lender can redeem up to $175k/month or 10% daily volume if stock >20% above min price.
- Proceeds for working capital, commercialization, product development, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/0001493152-26-020931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1382574/000149315226020931/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-020931

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