---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000747"
form_type: "8-K"
ticker: "OCEA"
cik: "0001869974"
company_name: "Ocean Biomedical, Inc."
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:15:02.824523+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ocean Biomedical lowers note conversion price to $0.01 per share on $400K amount

## Summary
- Conversion price on $400K promissory note reduced irrevocably from $1.50 to $0.01 per share.
- Company may not redeem or prepay the $400K Reduced Conversion Amount.
- Note originally issued on May 15, 2023 to an institutional investor.
- Change triggers potential dilution by allowing conversion at near-zero price.

## SEC filing metadata
- accession: 0001641172-25-000747
- form_type: 8-K
- ticker: OCEA
- cik: 0001869974
- company_name: Ocean Biomedical, Inc.
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1869974/000164117225000747/0001641172-25-000747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869974/000164117225000747/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000747
- JSON: https://secwatch.observer/filing/0001641172-25-000747.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000747.txt

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