secwatch.observer — SEC 8-K summary
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Issuer:     Appgate, Inc. (—)
CIK:        0001353538
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001628280-23-034511
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 $999K in 9.5% convertible notes due 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023034511/0001628280-23-034511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023034511/apgt-20231011.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034511

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