secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001654954-24-009309
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catheter Precision gets $100K CEO loan at 8% due Aug 30, 2024, adding to prior $900K
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- Entity controlled by CEO David Jenkins loans $100,000 via 8% promissory note due August 30, 2024.
- Note issued to FatBoy Capital LP, which is controlled by Jenkins; he owns >10% of common stock.
- This loan adds to $500K (May 2024) and $400K (June/July 2024) in prior related-party loans, totaling $1M.
- Repayment expected from proceeds of pending S-1 registration statement securities sale.
- Note includes customary default provisions; interest accrues at 8% per annum on 30/360 basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424009309/0001654954-24-009309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424009309/rmed_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-009309

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