secwatch.observer — SEC 8-K summary
======================================

Issuer:     Appgate, Inc. (—)
CIK:        0001353538
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001628280-23-032840
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023032840/0001628280-23-032840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023032840/apgt-20230918.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-032840

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