secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001654954-23-006726
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ra Medical closes laser catheter business, focuses on cardiac EP; Q1 rev ~$85k; cash $11M
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- Laser catheter business closed; Carlsbad facility shut; related employees terminated.
- Preliminary Q1 2023 revenue ~$85k (vs $9k prior year); numbers not comparable due to merger.
- New $8M funding; cash approx $11M as of May 1, 2023, prior to CEO severance.
- David Jenkins named Interim CEO after Will McGuire resigned; board reduced to 4, director pay cut.
- Catheter Precision launched LockeT closure device; VIVO has 70+ target accounts, 125-patient registry.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000165495423006726/0001654954-23-006726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000165495423006726/rmed_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006726

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