secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K/A
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001564590-23-000558
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ra Medical completes Catheter Precision acquisition; target reveals $25.5M debt, going concern doubt
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- Catheter Precision had $139,631 cash, $25.5M convertible notes, and $13.3M accrued interest as of Sep 30, 2022.
- Net loss of $4.46M for 9 months ended Sep 30, 2022, vs $3.57M prior year; accumulated deficit $115.9M.
- Stockholders' deficit of $40.8M and negative working capital of $40.9M; substantial doubt about going concern.
- All Series A-D preferred stock converted into 8.65M common shares upon merger close.
- Post-merger, Ra Medical intends to raise capital through public/private financings to fund operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000156459023000558/0001564590-23-000558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000156459023000558/rmed-8ka_20230109.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-000558

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