secwatch.observer — SEC 8-K summary
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Issuer:     Fortress Biotech, Inc. (FBIO)
CIK:        0001429260
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001558370-24-009624
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Fortress Biotech issues 2.03M shares of common stock to settle Urica Preferred Stock obligations
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- Issued 2,028,345 shares of common stock to former holders of Urica Preferred Stock.
- Satisfied cumulative dividends and mandatory tender under Dividend Agreement dated Dec 27, 2022.
- Fortress elected shares instead of cash; paid $20,747.62 for fractional shares and unpaid dividends.
- Shares issued under Section 4(a)(2) exemption; resale registered effective June 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429260/000155837024009624/0001558370-24-009624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429260/000155837024009624/fbio-20240627x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009624

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