share_log

8-K: Current report

SEC announcement ·  Apr 20 04:30
Summary by Futu AI
On April 17, 2024, ProSomnus, Inc., a company specializing in sleep technologies, reported the issuance and sale of $2,000,000 in Senior Secured Convertible Notes due December 6, 2025, to certain existing investors. These Additional Notes are part of an agreement under an Indenture dated December 6, 2022, and supplemented by two subsequent indentures. The Additional Notes, bearing a 9% annual interest rate payable quarterly, are guaranteed by ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., and secured by the company's tangible and intangible assets. The offering was made in reliance on an exemption from registration under the Securities Act pursuant to Section 4(a)(2).
On April 17, 2024, ProSomnus, Inc., a company specializing in sleep technologies, reported the issuance and sale of $2,000,000 in Senior Secured Convertible Notes due December 6, 2025, to certain existing investors. These Additional Notes are part of an agreement under an Indenture dated December 6, 2022, and supplemented by two subsequent indentures. The Additional Notes, bearing a 9% annual interest rate payable quarterly, are guaranteed by ProSomnus Holdings, Inc. and ProSomnus Sleep Technologies, Inc., and secured by the company's tangible and intangible assets. The offering was made in reliance on an exemption from registration under the Securities Act pursuant to Section 4(a)(2).
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.