secwatch.observer — SEC 8-K summary
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Issuer:     Stereotaxis, Inc. (STXS)
CIK:        0001289340
Form:       8-K
Filed at:   2026-11-10T21:05:22+00:00
Accession:  0001493152-26-050957
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289340/000149315226050957/0001493152-26-050957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289340/000149315226050957/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-050957

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