---
schema_version: "secwatch.filing_event.v1"
accession: "0001832511-26-000024"
form_type: "8-K"
ticker: "PIII"
cik: "0001832511"
company_name: "P3 Health Partners Inc."
filed_at: "2026-05-15T20:58:03+00:00"
generated_at: "2026-05-15T21:00:41.941557+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# P3 Health Partners exchanges $252M debt for preferred stock, issues $30M Series D units to regain Nasdaq compliance

## Summary
- Exchanged ~$252.5M of promissory notes (principal, accrued interest, fees) for non-convertible, non-voting preferred stock.
- Issued $30M of Series D 19.5% Cumulative Preferred Stock + warrants to CPF as first tranche of up to $70M.
- Believes it has regained compliance with Nasdaq minimum $2.5M stockholders' equity requirement; extension through May 20, 2026.
- Pro forma total stockholders' equity improved from ($143.5M) to $82.1M after Debt Exchange and Series D issuance.

## SEC filing metadata
- accession: 0001832511-26-000024
- form_type: 8-K
- ticker: PIII
- cik: 0001832511
- company_name: P3 Health Partners Inc.
- filed_at: 2026-05-15T20:58:03+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832511/000183251126000024/0001832511-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832511/000183251126000024/piii-20260514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001832511-26-000024
- JSON: https://secwatch.observer/filing/0001832511-26-000024.json
- Plain text: https://secwatch.observer/filing/0001832511-26-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.