---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-032840"
form_type: "8-K"
ticker: null
cik: "0001353538"
company_name: "Appgate, Inc."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:35:53.540006+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Appgate issues $1.0M additional convertible notes at 9.5%, total $5.5M

## Summary
- On Sept 18, 2023, Legacy Appgate sold $1.0M additional Convertible Notes to Appgate Funding LLC.
- Total Convertible Notes issued to Purchaser now $5.5M; remaining capacity up to $27.5M.
- Notes bear 9.50% interest, payable in cash or PIK; cash interest prohibited before July 20, 2024.
- Notes mature May 9, 2026 (extendable to May 9, 2028) and convertible at 585.75 shares per $1,000.
- Sale exempt from registration under Section 4(a)(2); Purchaser is accredited investor.

## SEC filing metadata
- accession: 0001628280-23-032840
- form_type: 8-K
- cik: 0001353538
- company_name: Appgate, Inc.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1353538/000162828023032840/0001628280-23-032840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1353538/000162828023032840/apgt-20230918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-032840
- JSON: https://secwatch.observer/filing/0001628280-23-032840.json
- Plain text: https://secwatch.observer/filing/0001628280-23-032840.txt

## Key facts
- Debt Financings
  Appgate, Inc. incurred convertible notes of $1.0 million aggregate principal amount of Additional Convertible Notes with Appgate Funding, LLC at annual rate of 9.50% maturing May 9, 2026, subject to extension to May 9, 2028.
  - Instrument: convertible notes
  - Principal: $1.0 million aggregate principal amount of Additional Convertible Notes
  - Counterparty: Appgate Funding, LLC
  - Rate: annual rate of 9.50%
  - Maturity: May 9, 2026, subject to extension to May 9, 2028
  - Event: incurrence
  source text: On September 18, 2023, Legacy Appgate issued and sold to the Purchaser an additional $1.0 million aggregate principal amount of Additional Convertible Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1353538/000162828023032840/0001628280-23-032840-index.htm

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