6-K - Enlivex Therapeutics Ltd. | StockGist

AI Analysis

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Enlivex Ltd. entered into a Securities Purchase Agreement dated March 23, 2026, for a $21 million senior secured convertible promissory note with Lind Global Asset Management XIV LLC, providing net proceeds of approximately $18.7 million. The company also exercised an option to acquire 3,030,303,030 RAIN tokens for $10 million, extended a larger RAIN token option, and approved a $20 million ordinary share repurchase program.

Key Takeaways

1$21 million principal senior secured convertible promissory note issued to Lind Global Asset Management XIV LLC on March 23, 2026, convertible at $2.69175 per ordinary share

2Net proceeds of approximately $18.7 million from the debt financing

3Monthly principal repayments starting 90 days after issuance, in cash or shares at company's option

4First priority security interest granted in collateral including RAIN tokens via Security Agreement

5Exercised option for 3,030,303,030 RAIN tokens at $0.0033 each totaling $10 million

6Board approved $20 million ordinary share repurchase program with no expiration date

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$21.0M$19.0M$18.7M$2.3M

Capital Return

Buyback Auth.

$20 million of outstanding ordinary shares

Transaction Details

Material Agreement

Agreement: Securities Purchase Agreement
Parties: Enlivex Ltd., Lind Global Asset Management XIV LLC

•Funding Amount of $19,000,000
•Commitment Fee of $285,000
•Concurrent Security Agreement and Account Control Agreement amendment
•Board authorized sale and issuance of the Note

Debt / Financing

Instrument: Senior Secured Convertible Promissory Note
Principal: 21000000
Rate: None, except Default Interest
Maturity: 2027-03-23
Use of Proceeds: As set forth in the Purchase Agreement

Exhibits (7)

10.1

SECURITIES PURCHASE AGREEMENT, DATED MARCH 23, 2026, BY AND BETWEEN ENLIVEX LTD. AND LIND GLOBAL ASSET MANAGEMENT XIV LLC

10.2

FORM OF SENIOR SECURED CONVERTIBLE PROMISSORY NOTE

10.3

SECURITY AGREEMENT, DATED MARCH 23, 2026, BY AND BETWEEN ENLIVEX LTD. AND LIND GLOBAL ASSET MANAGEMENT XIV LLC

10.4

JOINDER AND FIRST AMENDMENT TO ASSET MANAGEMENT AGREEMENT, DATED MARCH 23, 2026, BY AND AMONG ENLIVEX LTD., ELINNOVATION LABS LTD. AND LIND GLOBAL ASSET MANAGEMENT XIV LLC

6-K

REPORT OF FOREIGN PRIVATE ISSUER

99.1

PRESS RELEASE

99.2

INVESTOR PRESENTATION