---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034511"
form_type: "8-K"
ticker: null
cik: "0001353538"
company_name: "Appgate, Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:30:36.526855+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Appgate issues additional $999K in 9.5% convertible notes due 2026

## Summary
- Issued $999,000 aggregate principal of Additional Convertible Notes to Appgate Funding LLC on Oct 11, 2023.
- Total Convertible Notes outstanding now $6.499 million; interest rate 9.50% payable in cash or PIK.
- Notes mature May 9, 2026 (extendable to 2028); convertible at 585.7496 shares per $1,000 principal.
- Obligations secured by second-priority lien on substantially all assets of Legacy Appgate and guarantors.
- Offered and sold as unregistered securities under Section 4(a)(2) to an accredited investor.

## SEC filing metadata
- accession: 0001628280-23-034511
- form_type: 8-K
- cik: 0001353538
- company_name: Appgate, Inc.
- filed_at: 2023-10-17T23:59:59+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/1353538/000162828023034511/0001628280-23-034511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1353538/000162828023034511/apgt-20231011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034511
- JSON: https://secwatch.observer/filing/0001628280-23-034511.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034511.txt

## Key facts
- Debt Financings
  Appgate, Inc. incurred convertible notes of $999,000 aggregate principal amount with Appgate Funding, LLC at 9.50% maturing May 9, 2026.
  - Instrument: convertible notes
  - Principal: $999,000 aggregate principal amount
  - Counterparty: Appgate Funding, LLC
  - Rate: 9.50%
  - Maturity: May 9, 2026
  - Event: incurrence
  source text: On October 11, 2023, Legacy Appgate issued and sold to the Purchaser an additional $999,000 aggregate principal amount of Additional Convertible Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1353538/000162828023034511/0001628280-23-034511-index.htm

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