secwatch / observer
8-K filed July 19, 2023, 7:59 PM ET CIK 0001792581
debt confidence high sentiment neutral materiality 0.65

Kiromic BioPharma exchanges $6M of 25% Senior Notes for Series C Preferred Stock

Kiromic Biopharma, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Kiromic Biopharma, Inc.: Filed Certificate of Amendment to the Certificate of Designation of Series C Convertible Voting Preferred Stock to designate 14,000 shares as Series C Convertible Voting Preferred Stock (effective 2023-07-18).

Change
charter amendment
Effective
2023-07-18
Exact text from the filing
On July 18, 2023, the Company filed a Certificate of Amendment to the Certificate of Designation of Preferences, Rights and Limitations of the Series C Convertible Voting Preferred Stock with the Delaware Secretary of State designating 14,000 shares of its authorized and unissued preferred stock as Series C Convertible Voting Preferred Stock.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kiromic Biopharma, Inc. entered into Exchange Agreement with the holder of promissory notes valued at aggregate principal amount of $6 million (effective 2023-07-18).

Action
entry
Counterparty
the holder of promissory notes
Value
aggregate principal amount of $6 million
Effective
2023-07-18
Exact text from the filing
On July 18, 2023, Kiromic BioPharma, Inc. (the “Company”) entered into an Exchange Agreement (the “Exchange Agreement”) with the holder of promissory notes of the Company (the “Holder”) pursuant to which the Holder agreed to exchange aggregate principal amount of $6 million of the Company’s 25% Senior Secured Convertible Promissory Notes (the “Exchange Notes”) for 6,000 shares of Series C Convertible Voting Preferred Stock (the “Series C Stock”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001558370-23-011964
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