secwatch.observer — SEC 8-K summary
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Issuer:     Kiromic Biopharma, Inc. (—)
CIK:        0001792581
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001558370-24-001166
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kiromic BioPharma issues $2M 25% senior secured convertible note due Feb 2025
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- Principal $2,000,000, interest 25% p.a. (27% upon default), matures Feb 12, 2025.
- Convertible at $2.50/share into common stock (KRBP), subject to 9.99% beneficial ownership cap.
- Note is senior secured; collateral includes all fixtures, equipment, and intellectual property.
- Issued to an accredited investor in reliance on Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792581/000155837024001166/0001558370-24-001166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792581/000155837024001166/krbp-20240212x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001166

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