secwatch.observer — SEC 8-K summary
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Issuer:     POSITRON CORP (POSC)
CIK:        0000844985
Form:       8-K
Filed at:   2026-08-18T20:48:00+00:00
Accession:  0001539497-26-002298
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Positron secures $2M line of credit from affiliated investor George Ortiz
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- $2,000,000 line of credit from George Ortiz, affiliated investor; draws capped at $500,000 per quarter.
- 12% fixed annual interest; interest-only for first 12 months, principal due by August 13, 2028.
- Issued warrants for 300,000 shares at $1.50 exercise price, expiring December 31, 2030; repriced to $1.00 on default.
- Proceeds for working capital, PET-CT platform commercialization, customer installations, inventory, and growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844985/000153949726002298/0001539497-26-002298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844985/000153949726002298/n5417_x7-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-26-002298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer