secwatch.observer — SEC 8-K summary
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Issuer:     Appgate, Inc. (—)
CIK:        0001353538
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001628280-23-034806
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Appgate issues additional $500K convertible notes; cumulative $7.0M
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- On Oct 19, 2023, issued $500,000 in convertible notes at 9.50% interest, maturity May 9, 2026.
- Total convertible notes issued to date under facility: $6.999 million.
- Notes convertible into common stock at 585.7496 shares per $1,000 principal.
- Purchaser has right to purchase up to additional $27.5M in notes until July 20, 2025.
- Interest payable in cash (after July 2024) or PIK; cash interest prohibited before July 20, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023034806/0001628280-23-034806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353538/000162828023034806/apgt-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034806

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