debt
confidence high
sentiment negative
materiality 0.65
Catheter Precision borrows $500K from CEO-related trust at 8%, due Aug 30, 2024
Catheter Precision, Inc.
- Jenkins Family Charitable Institute (CEO David A. Jenkins is settlor, his daughter is trustee) lends $500K via 8% promissory note maturing Aug 30, 2024.
- This brings total related-party short-term notes (Jenkins/FatBoy Capital) to $1.5M, all due Aug 30, 2024.
- Note is unsecured, contains standard events of default; proceeds used for general corporate purposes.
- CEO Jenkins and affiliates hold over 10% of common stock, convertible preferred, options, and royalty rights on LockeT device sales.