secwatch.observer — SEC 8-K summary
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Issuer:     Imunon, Inc. (IMNN)
CIK:        0000749647
Form:       8-K
Filed at:   2026-09-29T12:00:31+00:00
Accession:  0001493152-26-044792
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Imunon exchanges $1.2M of A-1 Note for 120 Series B Preferred shares at $10,000/share, 8% return
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- $1,200,000 of principal plus accrued interest under the $2,720,000 Secured Promissory Note A-1 exchanged for 120 shares of Series B Preferred Stock at $10,000/share.
- Series B Preferred has $12,000 stated value, accrues 8% annual return payable in cash or additional shares, and is not convertible into common stock.
- Company may redeem Series B shares at 110% of liquidation amount; events of default raise the Preferred Return by 15% per year, up to three times.
- Exchange Agreement dated Sept 28, 2026 with Streeterville Capital; shares issued under Section 4(a)(2); holding period tacks to June 2, 2026.
- Certificate of Designation filed in Delaware designates 200 shares of Series B Preferred; no voting rights except on matters adversely affecting the series.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/749647/000149315226044792/0001493152-26-044792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/749647/000149315226044792/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044792

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