secwatch.observer — SEC 8-K summary
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Issuer:     Catheter Precision, Inc. (VTAK)
CIK:        0001716621
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001654954-24-011150
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 amends $1.5M promissory notes: maturity to Jan 2026, rate to 12%
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- Extended maturity of five 8% short-term notes from Aug 30, 2024 to Jan 31, 2026.
- Interest rate raised from 8% to 12% effective Aug 31, 2024; interest through Aug 30 due.
- Notes total $1.5M: $500k from CEO David Jenkins, $500k from Jenkins Trust, $500k from FatBoy Capital.
- All holders are related parties: CEO, his family trust, and an affiliate he controls.
- Amendments reflect near-term liquidity need; higher cost and extended debt terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424011150/0001654954-24-011150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1716621/000165495424011150/rmed_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-011150

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