---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-050957"
form_type: "8-K"
ticker: "STXS"
cik: "0001289340"
company_name: "Stereotaxis, Inc."
filed_at: "2026-11-10T21:05:22+00:00"
generated_at: "2026-11-10T21:07:13.526370+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stereotaxis raises up to $24M convertible notes at $1.21; Q3 revenue $8.9M up 20% YoY

## Summary
- Convertible note financing of up to $24.0M: $12.0M closed Nov. 9, 2026, plus up to $12.0M at Stereotaxis' option subject to regulatory milestones; 10% annual interest, three-year maturity.
- Notes convert at $1.21/share, a 30% premium to the 10-day VWAP; interest is deferred and paid in kind at maturity; board-affiliated investors participated in the oversubscribed deal.
- Q3 2026 revenue $8.9M, up 20% YoY; system revenue $3.0M vs $1.9M on first US GenesisX, first China Genesis and Synchrony sales; recurring revenue $5.9M, up 6%.
- Q3 net loss $6.5M; adjusted operating loss $5.1M vs $2.5M, reflecting Robocath costs; adjusted opex guided to ~$8M/quarter, targeting cash-flow profitability within a year.
- Cash was $4.0M at Sept. 30; pro forma $16M after the $12M initial close, with $28M total availability; $1.9M disposable backlog delayed by supply constraints.

## SEC filing metadata
- accession: 0001493152-26-050957
- form_type: 8-K
- ticker: STXS
- cik: 0001289340
- company_name: Stereotaxis, Inc.
- filed_at: 2026-11-10T21:05:22+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289340/000149315226050957/0001493152-26-050957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289340/000149315226050957/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-050957
- JSON: https://secwatch.observer/filing/0001493152-26-050957.json
- Plain text: https://secwatch.observer/filing/0001493152-26-050957.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.