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- Related Party Transactions (new) — All transactions were with largest stockholder CPF and required special committee approval due to related-party concerns.
P3 Health converts $252M debt to preferred stock, raises $10M to regain Nasdaq compliance
Filed April 28, 2026 · Period ending April 27, 2026 · ~1 min read
Key Changes
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Converted $252.5M of debt owed to largest holder Chicago Pacific Founders into non-voting preferred stock with 13.5%-19.5% dividends, eliminating debt but creating senior claims ahead of common stock.
Item 1.01: Debt Exchange verify on EDGAR → -
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Raised $10M initially (up to $70M available) from CPF via preferred stock with 19.5% dividends plus warrants for 0.66% of shares per $1M invested, significantly diluting common equity.
Item 1.01: Securities Purchase verify on EDGAR → -
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Transactions designed to restore compliance with Nasdaq's $2.5M minimum stockholders' equity requirement and avoid delisting risk.
Item 1.01: Nasdaq Compliance verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 2, 2026 7:01 PM