Longevity Health raises $375K via 10% convertible
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Rhea-AI Filing Summary
Longevity Health Holdings, Inc. (XAGE) entered into a Securities Purchase Agreement with Puritan Partners LLC allowing issuance of up to $694,445 in aggregate principal amount of 10% senior secured convertible notes (issued with a 10% original issue discount), expected to provide up to $625,000 in gross proceeds to the company.
At the initial closing on August 31, 2026, Longevity received $375,000 in gross proceeds, issuing a 10% senior secured convertible note due February 29, 2028 with an initial principal amount of $416,667, convertible into common stock at $0.50 per share and secured by substantially all assets of the company and its subsidiaries.
The agreement permits up to an additional $250,000 in gross proceeds through two further notes, each with an initial principal amount of $138,889; the second tranche depends on effectiveness of a resale registration statement for the underlying shares, and the third tranche is at Puritan’s sole discretion.
Filing Explained
The completed tranche adds a 10% annual interest obligation and potential dilution; additional financing remains conditional.
The September 8 Form 8-K records the initial closing as completed:
Because the note is convertible into common stock, a conversion could increase the total share count and reduce existing holders’ percentage ownership, absent offsetting changes.
As of
The release identifies repayment and prepayment obligations and default-related remedies as risks; further issuances depend on resale-registration effectiveness for one tranche and Puritan’s discretion for the other.
Sources and calculations
- Longevity Health Holdings Form 8-K and Exhibit 99.1 (2026-09-08)
- Form 8-K purpose (undated)
- Dilution definition (undated)
- Longevity Health Holdings latest quarterly fundamentals (2026Q2)
- Available liquidity against the last reported quarterly operating outflow, in days at that rate $35,471 / ($223,881 / 91) = 14.4 days
8-K Event Classification
Key Figures
Key Terms
Securities Purchase Agreement financial
senior secured convertible notes financial
original issue discount financial
resale registration statement regulatory
gross proceeds financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financing did Longevity Health Holdings (XAGE) announce on September 8, 2026?
How much cash has XAGE received so far under the new securities purchase agreement?
What are the key terms of the new Longevity Health Holdings (XAGE) convertible note?
How much additional funding can XAGE access from Puritan Partners under this agreement?
What conditions affect future note issuances to Puritan Partners for XAGE?
How is the new XAGE convertible note secured?
AI-generated analysis. How Rhea-AI works. Not financial advice.