SS Innovations International, Inc. (SSII) Form 8-K — Oct 13, 2026
$SSIIForm 8-KItems 1.01, 2.03, 9.01Filed Oct 13, 2026, 6:05 AM ET0001213900-26-108624Original filing
SS Innovations International closed a $20 million financing on October 9, 2026, issuing Growth Capital Partners a secured convertible note with $21.025 million principal, bearing 8.75% interest compounded daily and maturing in 36 months. The note is convertible at 95% of market price with make-whole interest, secured by the company's intellectual property and subsidiary assets (excluding SSI-India), with an initial reserve of 8 million shares for conversions.
Key figures
- Debt Amount
- 21025000
- Interest Rate
- 8.75
- Maturity Date
- 2029-10-09 (36 months after Closing Date)
- Gross Proceeds
- 20000000
- Conversion price
- 95% of Market Price
- Default interest rate
- 18
- Initial share reserve
- 8000000
- Original issue discount
- 1000000
- Total debt cap covenant
- 40000000
- Beneficial ownership limit
- 4.99% (increasable to 9.99%)
- Transaction expense amount
- 25000
AI analysis
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