debt
confidence high
sentiment neutral
materiality 0.55
Catheter Precision receives $250K 8% note from CEO entity due Aug 30, 2024
Catheter Precision, Inc.
- Entity controlled by CEO David A. Jenkins loans $250K at 8% interest, maturing August 30, 2024.
- Note adds to $500K loan in May 2024 and $150K loan in June 2024 from same source.
- Proceeds from S-1 securities sale expected to repay the note.
- Jenkins and affiliates hold >10% common stock, convertible preferred, stock options, and 11.77% royalty on LockeT sales.