debt
confidence high
sentiment neutral
materiality 0.55
Catheter Precision secures $150K 8% short-term note from CEO's entity due Aug 30, 2024
Catheter Precision, Inc.
- CEO David A. Jenkins' entity FatBoy Capital LP loans $150,000 at 8% interest, maturing August 30, 2024.
- Loan is in addition to $500,000 loaned by Jenkins in May 2024; repayment expected from S-1 securities proceeds.
- Note accelerates on customary defaults; Jenkins holds >10% common stock, convertible preferred shares, and 11.77% royalty rights.
- Missiaen Huck, CEO's daughter, serves as non-executive COO; related-party details in proxy filed May 16, 2024.