secwatch.observer — SEC 8-K summary
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Issuer:     Appgate, Inc. (—)
CIK:        0001353538
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001628280-23-030226
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023030226/0001628280-23-030226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023030226/apgt-20230821.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030226

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