CERENOME, INC. (PSTV) Form 8-K — Sep 10, 2026
Cerenome, Inc. entered into a securities purchase agreement on September 4, 2026 with an institutional investor for senior secured convertible notes totaling $21,276,596 in aggregate original principal, with the initial closing expected on or about September 10, 2026 and gross proceeds of $3,000,000 at the first funding. The notes carry a 6.0% original issue discount, 8.0% annual interest, and one-year maturities, converting initially at $2.74 per share subject to a $0.50 floor price.
Key figures
- Debt Amount
- 21276596
- Interest Rate
- 8.0% per annum (18% upon Event of Default)
- Maturity Date
- one-year anniversary of each Note's issuance date
- Gross Proceeds
- 3000000
- Royalty rate
- 2.5% of CNSide gross revenues quarterly, capped at 2.5% of outstanding note balance
- Aggregate principal
- $21,276,596
- Conversion floor price
- $0.50
- Required share reserve
- 300% of conversion shares
- Second notes principal
- $2,127,660
- Initial notes principal
- $3,191,489
- Original issue discount
- 6.0%
- Beneficial ownership cap
- 4.99% (up to 9.99% at investor election)
- Initial conversion price
- $2.74
- Additional closing window
- 18 months from Initial Closing Date
- Additional notes principal
- $15,957,447
- Default judgment threshold
- $500,000
- Stockholder approval failure fee
- $200,000
- Company optional redemption price
- 105%
- Change of control redemption premium
- 120%
Price after filing
Close on the filing date to close N calendar days later (from $2.39). Historical, not a forecast.
AI analysis
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