SANUWAVE Health Enters Material Definitive Agreement
Ticker: SNWV · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1417663
| Field | Detail |
|---|---|
| Company | Sanuwave Health, Inc. (SNWV) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $670,841, $163,519, $272,532 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
SANUWAVE Health just signed a big deal. Details to follow.
AI Summary
On July 15, 2024, SANUWAVE Health, Inc. entered into a material definitive agreement. The company, formerly known as RUB MUSIC ENTERPRISES, INC., is incorporated in Nevada and its principal executive offices are located in Eden Prairie, Minnesota.
Why It Matters
This filing indicates a significant new contract or partnership for SANUWAVE Health, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can carry inherent risks related to the terms, execution, and potential impact on the company's financial health.
Key Players & Entities
- SANUWAVE Health, Inc. (company) — Registrant
- RUB MUSIC ENTERPRISES, INC. (company) — Former company name
- July 15, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Eden Prairie, Minnesota (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by SANUWAVE Health, Inc. on July 15, 2024?
The filing states that SANUWAVE Health, Inc. entered into a material definitive agreement on July 15, 2024, but the specific details of this agreement are not provided in the excerpt.
When was SANUWAVE Health, Inc. previously known by another name?
SANUWAVE Health, Inc. was formerly known as RUB MUSIC ENTERPRISES, INC., with a date of name change on November 6, 2007.
In which state is SANUWAVE Health, Inc. incorporated?
SANUWAVE Health, Inc. is incorporated in Nevada.
What is the address of SANUWAVE Health, Inc.'s principal executive offices?
The principal executive offices of SANUWAVE Health, Inc. are located at 11495 Valley View Road, Eden Prairie, Minnesota 55344.
What is the SIC code for SANUWAVE Health, Inc.?
The Standard Industrial Classification (SIC) code for SANUWAVE Health, Inc. is 3841, which corresponds to SURGICAL & MEDICAL INSTRUMENTS & APPARATUS.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-07-17 16:05:22
Key Financial Figures
- $670,841 — , as of June 30, 2024, a consent fee of $670,841 to the principal amount of the notes is
- $163,519 — ch 31, 2024, deferred interest shall be $163,519 and default interest shall be $272,532.
- $272,532 — $163,519 and default interest shall be $272,532. On and after April 1, 2024, for each f
Filing Documents
- ef20032541_8k.htm (8-K) — 31KB
- ef20032541_ex10-1.htm (EX-10.1) — 37KB
- 0001140361-24-033393.txt ( ) — 199KB
- snwv-20240715.xsd (EX-101.SCH) — 4KB
- snwv-20240715_lab.xml (EX-101.LAB) — 20KB
- snwv-20240715_pre.xml (EX-101.PRE) — 14KB
- ef20032541_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement. On July 15, 2024, Sanuwave Health, Inc. (the "Company") entered into the Sixth Amendment to Note and Warrant Purchase Agreement (the "Sixth Amendment"), which amends that certain Note and Warrant Purchase and Security Agreement, dated as of August 6, 2020 (as amended, the "NWPSA"), with the noteholders party thereto (the "Holders") and NH Expansion Credit Fund Holdings LP, as agent (the "Agent"). The Agent and the Holders agreed to continue to forbear upon exercising remedies in connection with certain existing events of default under the NWPSA until the earlier of (x) the occurrence of an event of default and (y) December 31, 2024. The Sixth Amendment also added, as of June 30, 2024, a consent fee of $670,841 to the principal amount of the notes issued pursuant to the NWPSA (the "Notes"), and provides that, with respect to the interest payment date of March 31, 2024, deferred interest shall be $163,519 and default interest shall be $272,532. On and after April 1, 2024, for each fiscal quarter during which any interest is payable in cash, deferred interest and default interest shall be calculated based on the principal amount of the Notes as of the beginning of the quarter and shall include any default interest accrued to date. The foregoing description of the Sixth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Sixth Amendment, which is filed as Exhibit 10.1 and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Sixth Amendment to Note and Warrant Purchase Agreement, by and among NH Expansion Credit Fund Holdings LP, the noteholders party thereto and Sanuwave Health, Inc., dated July 15, 2024 104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SANUWAVE HEALTH, INC. Dated: July 17, 2024 By: /s/ Peter Sorensen Name: Peter Sorensen Title: Chief Financial Officer