secwatch.observer — SEC 8-K summary
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Issuer:     Quanterix Corp (QTRX)
CIK:        0001503274
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001503274-25-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanterix agrees to provide Akoya up to $30M in convertible notes pending merger close
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- Convertible notes up to $30M aggregate principal; draw period runs May 15, 2025 to July 9, 2025 (or Jan 9, 2026 if merger extended).
- Interest at SOFR plus applicable margin; monthly interest payable in cash, subordinated to Akoya's existing MidCap debt.
- Notes convertible into Akoya common stock at a conversion price based on merger exchange ratio and Quanterix 10-day VWAP.
- Conversion capped at 19.99% of Akoya common stock unless stockholder approval obtained; no conversion before merger termination.
- Proceeds intended to repay Akoya's existing indebtedness and provide working capital pending merger close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1503274/000150327425000042/0001503274-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1503274/000150327425000042/qtrx-20250402.htm
  HTML page:      https://secwatch.observer/filing/0001503274-25-000042

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