Enlivex Ltd. (ENLV) Form 6-K — Aug 11, 2026
On August 11, 2026, Enlivex amended its senior secured convertible promissory note with Lind Global Asset Management XIV after the Company's market capitalization was below $75.0 million for ten consecutive trading days, an event of default under the note that the investor waived as part of the amendment. The amendment raises the outstanding principal 17.5% from $16,333,334 to $19,191,667, cuts required monthly payments roughly in half from $2,333,333 to $1,166,666, and extends the maturity from March 23, 2027 until the balance is fully repaid, with each waived payment automatically extending maturity by one month.
Key figures
- Debt Amount
- $19,191,667 outstanding principal after 17.5% increase (from $16,333,334; original principal $21,000,000)
- Interest Rate
- 10.0% per annum Market Capitalization Interest accrues on each calendar day the Company's market capitalization is below $75.0 million
- Maturity Date
- Extended from March 23, 2027 to the payment date on which the final monthly payment is made, with automatic one-month extensions per payment waiver
- Original note date
- March 23, 2026
- Prepayment premium
- 2.5% for six months post-amendment; 5.0% thereafter (previously 5.0%)
- Share reserve shares
- 25000000
- Monthly payment new usd
- 1166666
- Conversion price formula
- Lower of $40.37625 and 80% of the average of the three lowest daily VWAPs during the 20 trading days prior to conversion notice
- Monthly payment prior usd
- 2333333
- Principal increase percent
- 17.5%
- Original note principal usd
- 21000000
- Prior outstanding principal usd
- 16333334
- Market cap default threshold usd
- Below $75.0 million for 10 consecutive trading days (clause deleted and prior default waived)
- Increased outstanding principal usd
- 19191667
- Assumed conversion price for reserve usd
- 1.5
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