secwatch.observer — SEC 8-K summary
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Issuer:     P3 Health Partners Inc. (PIII)
CIK:        0001832511
Form:       8-K
Filed at:   2026-09-11T20:28:00+00:00
Accession:  0001832511-26-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

P3 Health Partners to issue up to $70M in 19.5% preferred units with warrants to CPF
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- Agreed to issue up to $70M of units to CPF affiliates in tranches; Series D-1 19.5% cumulative preferred stock at $100/share, plus warrants.
- Warrants exercisable for 0.66333% of outstanding Class A and Class V common per $1M funded, exercise price = Nasdaq Minimum Price, 7-year term.
- Preferred stock is senior to common, non-convertible, no voting rights; redemption at $100 plus accrued dividends.
- CPF may designate one independent board member while owning ≥40% of common; standstill limit extended to Dec 31, 2027 at 49.99%.
- Special committee of independent directors approved related-party transaction; securities sold under Reg D to accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832511/000183251126000036/0001832511-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832511/000183251126000036/piii-20260904.htm
  HTML page:      https://secwatch.observer/filing/0001832511-26-000036

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