Catheter Precision Enters Loan Agreement

TL;DR

Catheter Precision just signed a loan agreement, details TBD.

AI Summary

On July 25, 2024, Catheter Precision, Inc. entered into a material definitive agreement, specifically a loan agreement with an unnamed lender. This agreement creates a direct financial obligation for the registrant. The filing does not specify the dollar amount or terms of the loan.

Why It Matters

This filing indicates Catheter Precision, Inc. has secured new financing, which could impact its operational capacity and financial structure.

Risk Assessment

Risk Level: medium — The company has entered into a new financial obligation, the terms and impact of which are not fully disclosed in this initial filing.

Key Players & Entities

• Catheter Precision, Inc. (company) — Registrant
• July 25, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share VTAK NYSE American Indic
• $500,000 — charitable trust (the "Trust"), loaned $500,000 to Catheter Precision, Inc. (the "Compa
• $150,000 — 0 June 25, 2024 FatBoy Capital, L.P. $150,000 July 1, 2024 FatBoy Capital, L.P. $2
• $250,000 — 00 July 1, 2024 FatBoy Capital, L.P. $250,000 July 18, 2024 FatBoy Capital, L.P. $
• $100,000 — 0 July 18, 2024 FatBoy Capital, L.P. $100,000 The Note and the debt evidenced thereb

Filing Documents

• rmed_8k.htm (8-K) — 31KB
• rmed_ex101.htm (EX-10.1) — 35KB
• 0001654954-24-009649.txt ( ) — 198KB
• rmed-20240725.xsd (EX-101.SCH) — 6KB
• rmed-20240725_lab.xml (EX-101.LAB) — 14KB
• rmed-20240725_cal.xml (EX-101.CAL) — 1KB
• rmed-20240725_pre.xml (EX-101.PRE) — 9KB
• rmed-20240725_def.xml (EX-101.DEF) — 2KB
• rmed_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. 8% Short Term Promissory Note due August 30, 2024 (the "Note") On July 25, 2024, the Jenkins Family Charitable Institute, a Louisiana charitable trust (the "Trust"), loaned $500,000 to Catheter Precision, Inc. (the "Company") in exchange for the Note. The Note has a maturity date of August 30, 2024, and bears interest at the rate of 8% per annum. David A. Jenkins, Executive Chair and Chief Executive Officer of the Company, was the Settlor and Initial Trustee of the Trust, and the current Trustee of the Trust is Mr. Jenkins' adult daughter. This Note is in addition to the following 8% Short Term Promissory Notes due August 30, 2024, issued in connection with prior loans extended to the Company by Mr. Jenkins and FatBoy Capital, L.P., an entity controlled by Mr. Jenkins, as previously reported: Date of Note Holder Principal Amount May 30, 2024 David A. Jenkins $500,000 June 25, 2024 FatBoy Capital, L.P. $150,000 July 1, 2024 FatBoy Capital, L.P. $250,000 July 18, 2024 FatBoy Capital, L.P. $100,000 The Note and the debt evidenced thereby, including all principal and interest, accelerate and become immediately due and payable upon the occurrence of certain customary events of default, including failure to pay amounts owing when due, material breach of representations or warranties by us (unless waived by the holder of the Note or cured within 10 days following notice) and/or certain events involving a discontinuation of our business or certain types of proceedings involving insolvency, bankruptcy, receivership and the like. In addition to his roles as a director and officer of the Company, Mr. Jenkins and his affiliates beneficially own over 10% of the common stock of the Company, Series X Preferred convertible into over 800,000 shares of Company common stock (subject to certain conditions), stock options issued by the Company, and the rights to receive royalties on sales of our LockeT devic

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 8% Short Term Promissory Note Due August 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 2

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. CATHETER PRECISION, INC. Date: July 30, 2024 By: /s/ Margrit Thomassen Margrit Thomassen Interim Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR