10/30/2024 | Press release | Distributed by Public on 10/30/2024 14:16
Item 1.01 Entry into a Material Definitive Agreement
On October 29, 2024, Catheter Precision, Inc., a Delaware corporation (the "Company"), entered into a waiver agreement with the Jenkins Family Charitable Institute, a family charitable entity (the "Institute"), which provided that the beneficial ownership limitation contained in pre-funded warrants held by the Institute was waived by the parties. Prior to the waiver, the Institute was prohibited from exercising the pre-funded warrants in full because they contained a beneficial ownership limitation that prevented the Institute from exercising them to the extent that its beneficial ownership of Company common stock would exceed 9.99%. Following the waiver, the Institute exercised its pre-funded warrants in full to acquire an additional 235,000 shares of Company common stock for aggregate additional consideration of $23.50, bringing its beneficial ownership of Company common stock to 6.32%. The trustee of the Institute is the daughter of David Jenkins, the Company's Chairman of the Board and Chief Executive Officer, and the waiver and the waiver agreement were approved in advance by the Company's Board Audit Committee. A copy of the waiver agreement is filed as Exhibit 10.1 hereto and is incorporated herein by reference.