---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-030226"
form_type: "8-K"
ticker: null
cik: "0001353538"
company_name: "Appgate, Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:29:31.918637+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Appgate issues additional $2M in convertible notes at 9.50%, total $4.5M outstanding

## Summary
- Issued additional $2.0M aggregate principal of Convertible Notes on August 21, 2023, total now $4.5M.
- Notes bear 9.50% annual interest, payable in cash or PIK; cash interest prohibited before July 20, 2024.
- Convertible into common stock at 585.7496 shares per $1,000 principal; maturity May 9, 2026 (extendable to 2028).
- Purchaser can buy up to an additional $27.5M in Convertible Notes through July 20, 2025.
- Obligations secured by second-priority security interest in substantially all assets of Legacy Appgate and Note Guarantors.

## SEC filing metadata
- accession: 0001628280-23-030226
- form_type: 8-K
- cik: 0001353538
- company_name: Appgate, Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1353538/000162828023030226/0001628280-23-030226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1353538/000162828023030226/apgt-20230821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-030226
- JSON: https://secwatch.observer/filing/0001628280-23-030226.json
- Plain text: https://secwatch.observer/filing/0001628280-23-030226.txt

## Key facts
- Debt Financings
  Appgate, Inc. incurred convertible notes of $2.0 million aggregate principal amount of Additional Convertible Notes with Appgate Funding, LLC at 9.50% maturing May 9, 2026.
  - Instrument: convertible notes
  - Principal: $2.0 million aggregate principal amount of Additional Convertible Notes
  - Counterparty: Appgate Funding, LLC
  - Rate: 9.50%
  - Maturity: May 9, 2026
  - Event: incurrence
  source text: On August 21, 2023, Legacy Appgate issued and sold to the Purchaser an additional $2.0 million aggregate principal amount of Additional Convertible Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1353538/000162828023030226/0001628280-23-030226-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.