secwatch.observer — SEC 8-K summary
======================================

Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001654954-24-009649
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catheter Precision borrows $500K from CEO-related trust at 8%, due Aug 30, 2024
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424009649/0001654954-24-009649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424009649/rmed_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-009649

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