---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001662"
form_type: "8-K"
ticker: null
cik: "0001353538"
company_name: "Appgate, Inc."
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:49:06.362634+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Appgate amends note agreement; lender gets budget veto; issues $4M in additional notes

## Summary
- Magnetar obtains sole discretion to approve cash spending budget for Appgate and subsidiaries.
- Lenders purchased $4.0M of Additional Notes on Jan 11, 2024 under existing A&R Note Purchase Agreement.
- Amendment restricts cash management; company must comply with Magnetar-approved budget.
- $4M note issuance is unregistered, relying on Section 4(a)(2) exemption; notes convertible to common stock.

## SEC filing metadata
- accession: 0001628280-24-001662
- form_type: 8-K
- cik: 0001353538
- company_name: Appgate, Inc.
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/0001628280-24-001662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/apgt-20240111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001662
- JSON: https://secwatch.observer/filing/0001628280-24-001662.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001662.txt

## Key facts
- Debt Financings
  Appgate, Inc. incurred convertible notes of $4,000,000 with Magnetar Financial LLC at Not specified maturing Not specified (under existing notes due 2026).
  - Instrument: convertible notes
  - Principal: $4,000,000
  - Counterparty: Magnetar Financial LLC
  - Rate: Not specified
  - Maturity: Not specified (under existing notes due 2026)
  - Event: incurrence
  source text: On January 11, 2024, the Lenders exercised their option to purchase an aggregate amount of $4,000,000 of Additional Notes. As a result, Appgate received $4,000,000 in gross proceeds.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1353538/000162828024001662/0001628280-24-001662-index.htm

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