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[8-K] SeaStar Medical Holding Corporation Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

SeaStar Medical Holding Corporation disclosed it has resumed an at-the-market equity offering after suspending sales on July 10, 2025. The company previously sold an aggregate of $6.8 million of common stock under the ATM program and had earlier terminated the continuous offering tied to an initial aggregate offering price of $25,000,000. As of August 8, 2025, SeaStar will resume sales under the Company’s effective Form S-3 for an additional aggregate offering price of $2,166,305. Proceeds, if any, will be used for general corporate purposes, and there is no minimum offering amount so total shares and proceeds are not determinable. Legal opinion and related exhibits are filed with the report.

SeaStar Medical Holding Corporation ha comunicato di aver ripreso un'offerta azionaria at-the-market dopo aver sospeso le vendite il 10 luglio 2025. La società aveva precedentemente venduto complessivamente $6.8 million di azioni ordinarie nell'ambito del programma ATM e aveva in precedenza terminato l'offerta continua legata a un prezzo iniziale aggregato di $25,000,000. A partire dall'8 agosto 2025, SeaStar riprenderà le vendite ai sensi del Form S-3 efficace della Società per un ulteriore prezzo di offerta aggregato di $2,166,305. Gli eventuali proventi saranno utilizzati per scopi aziendali generali; non esistendo un importo minimo d'offerta, il numero totale di azioni e i proventi non sono determinabili. L'opinione legale e gli allegati correlati sono depositati con il rapporto.

SeaStar Medical Holding Corporation informó que ha reanudado una oferta de acciones at-the-market tras suspender las ventas el 10 de julio de 2025. La compañía había vendido previamente un total de $6.8 million de acciones ordinarias bajo el programa ATM y había terminado con anterioridad la oferta continua vinculada a un precio inicial agregado de $25,000,000. A partir del 8 de agosto de 2025, SeaStar reanudará las ventas conforme al Formulario S-3 vigente de la Compañía por un precio de oferta agregado adicional de $2,166,305. Los ingresos, en su caso, se usarán para fines corporativos generales; no existe una cantidad mínima de oferta, por lo que el total de acciones y fondos no es determinable. La opinión legal y los anexos relacionados se presentan con el informe.

SeaStar Medical Holding Corporation� 2025� 7� 10� 매각� 중단� � at-the-market 방식� 주식 공모� 재개했다� 공시했습니다. 회사� 이전� ATM 프로그램� 통해 � $6.8 million 상당� 보통주를 매각했으�, 초기 � 공모 금액 $25,000,000� 연계� 지속적 공모� 기존� 종료했습니다. 2025� 8� 8일부� SeaStar� 회사� 효력 있는 Form S-3� 따라 추가 총공모액 $2,166,305 한도� 매각� 재개� 예정입니�. 수익(있는 경우)은 일반 기업 목적� 사용되며, 최소 공모 금액� 없어 � 발행 주식 수와 조달금액은 확정� � 없습니다. 법률 의견� � 관� 부� 서류� 보고서와 함께 제출되어 있습니다.

SeaStar Medical Holding Corporation a déclaré avoir repris une offre d'actions at-the-market après avoir suspendu les ventes le 10 juillet 2025. La société avait précédemment vendu pour un total de $6.8 million d'actions ordinaires dans le cadre du programme ATM et avait auparavant mis fin à l'offre continue liée à un prix global initial de $25,000,000. À compter du 8 août 2025, SeaStar reprendra les ventes en vertu du Formulaire S-3 en vigueur de la Société pour un montant d'offre agrégé supplémentaire de $2,166,305. Les produits, le cas échéant, seront utilisés à des fins générales d'entreprise ; il n'y a pas de montant minimal d'offre, de sorte que le nombre total d'actions et les produits ne peuvent être déterminés. L'avis juridique et les annexes connexes sont déposés avec le rapport.

SeaStar Medical Holding Corporation gab bekannt, dass sie eine at-the-market-Aktienplatzierung wieder aufgenommen hat, nachdem die Verkäufe am 10. Juli 2025 ausgesetzt wurden. Das Unternehmen hatte zuvor insgesamt $6.8 million an Stammaktien im Rahmen des ATM-Programms verkauft und hatte die fortlaufende Platzierung, die an einen anfänglichen aggregierten Ausgabepreis von $25,000,000 gebunden war, bereits beendet. Ab dem 8. August 2025 wird SeaStar die Verkäufe gemäß dem wirksamen Form S-3 des Unternehmens für einen zusätzlichen aggregierten Ausgabepreis von $2,166,305 wieder aufnehmen. Erlöse, falls vorhanden, werden für allgemeine Unternehmenszwecke verwendet; da kein Mindestangebotsbetrag besteht, sind die Gesamtanzahl der Aktien und die Erlöse nicht bestimmbar. Die rechtliche Stellungnahme und zugehörige Anhänge sind dem Bericht beigefügt.

Positive
  • Resumption of ATM offering restores an available channel to raise equity capital under the company’s effective Form S-3
  • $6.8 million in common stock has already been sold under the ATM, demonstrating prior market-access execution
Negative
  • Initial $25.0 million continuous offering was terminated, leaving a smaller immediate capacity than originally planned
  • Additional available capacity is limited to $2,166,305, which is modest relative to prior aggregate targets
  • No minimum offering amount means total shares and proceeds are indeterminate, creating execution uncertainty

Insights

TL;DR: Resumption of a modest ATM after prior suspension raises near-term financing optionality but does not materially change capital structure.

The company’s decision to resume sales under its at-the-market program restores an available channel to raise equity capital, following a pause on July 10, 2025. Having already sold $6.8 million, the newly authorized additional capacity of $2,166,305 is limited relative to the originally-terminated $25.0 million initial program, indicating a smaller immediate funding window. Because the filing states there is no minimum offering amount and proceeds are not determinable, the disclosure is routine and mainly affects liquidity flexibility rather than providing a material change to operating metrics.

TL;DR: Routine capital markets disclosure: ATM resumed under an effective S-3, provides optionality but uncertainty on timing and amount of proceeds.

Resuming sales under an effective Form S-3 preserves the company’s ability to access equity markets via an ATM offering. The filing confirms regulatory readiness by referencing the shelf registration declared effective December 22, 2023 and attaches counsel opinion. The limited additional aggregate offering price of $2,166,305 suggests a targeted, modest raise if executed; absence of a minimum and indeterminate total proceeds means investor impact depends entirely on actual execution, not this disclosure alone.

SeaStar Medical Holding Corporation ha comunicato di aver ripreso un'offerta azionaria at-the-market dopo aver sospeso le vendite il 10 luglio 2025. La società aveva precedentemente venduto complessivamente $6.8 million di azioni ordinarie nell'ambito del programma ATM e aveva in precedenza terminato l'offerta continua legata a un prezzo iniziale aggregato di $25,000,000. A partire dall'8 agosto 2025, SeaStar riprenderà le vendite ai sensi del Form S-3 efficace della Società per un ulteriore prezzo di offerta aggregato di $2,166,305. Gli eventuali proventi saranno utilizzati per scopi aziendali generali; non esistendo un importo minimo d'offerta, il numero totale di azioni e i proventi non sono determinabili. L'opinione legale e gli allegati correlati sono depositati con il rapporto.

SeaStar Medical Holding Corporation informó que ha reanudado una oferta de acciones at-the-market tras suspender las ventas el 10 de julio de 2025. La compañía había vendido previamente un total de $6.8 million de acciones ordinarias bajo el programa ATM y había terminado con anterioridad la oferta continua vinculada a un precio inicial agregado de $25,000,000. A partir del 8 de agosto de 2025, SeaStar reanudará las ventas conforme al Formulario S-3 vigente de la Compañía por un precio de oferta agregado adicional de $2,166,305. Los ingresos, en su caso, se usarán para fines corporativos generales; no existe una cantidad mínima de oferta, por lo que el total de acciones y fondos no es determinable. La opinión legal y los anexos relacionados se presentan con el informe.

SeaStar Medical Holding Corporation� 2025� 7� 10� 매각� 중단� � at-the-market 방식� 주식 공모� 재개했다� 공시했습니다. 회사� 이전� ATM 프로그램� 통해 � $6.8 million 상당� 보통주를 매각했으�, 초기 � 공모 금액 $25,000,000� 연계� 지속적 공모� 기존� 종료했습니다. 2025� 8� 8일부� SeaStar� 회사� 효력 있는 Form S-3� 따라 추가 총공모액 $2,166,305 한도� 매각� 재개� 예정입니�. 수익(있는 경우)은 일반 기업 목적� 사용되며, 최소 공모 금액� 없어 � 발행 주식 수와 조달금액은 확정� � 없습니다. 법률 의견� � 관� 부� 서류� 보고서와 함께 제출되어 있습니다.

SeaStar Medical Holding Corporation a déclaré avoir repris une offre d'actions at-the-market après avoir suspendu les ventes le 10 juillet 2025. La société avait précédemment vendu pour un total de $6.8 million d'actions ordinaires dans le cadre du programme ATM et avait auparavant mis fin à l'offre continue liée à un prix global initial de $25,000,000. À compter du 8 août 2025, SeaStar reprendra les ventes en vertu du Formulaire S-3 en vigueur de la Société pour un montant d'offre agrégé supplémentaire de $2,166,305. Les produits, le cas échéant, seront utilisés à des fins générales d'entreprise ; il n'y a pas de montant minimal d'offre, de sorte que le nombre total d'actions et les produits ne peuvent être déterminés. L'avis juridique et les annexes connexes sont déposés avec le rapport.

SeaStar Medical Holding Corporation gab bekannt, dass sie eine at-the-market-Aktienplatzierung wieder aufgenommen hat, nachdem die Verkäufe am 10. Juli 2025 ausgesetzt wurden. Das Unternehmen hatte zuvor insgesamt $6.8 million an Stammaktien im Rahmen des ATM-Programms verkauft und hatte die fortlaufende Platzierung, die an einen anfänglichen aggregierten Ausgabepreis von $25,000,000 gebunden war, bereits beendet. Ab dem 8. August 2025 wird SeaStar die Verkäufe gemäß dem wirksamen Form S-3 des Unternehmens für einen zusätzlichen aggregierten Ausgabepreis von $2,166,305 wieder aufnehmen. Erlöse, falls vorhanden, werden für allgemeine Unternehmenszwecke verwendet; da kein Mindestangebotsbetrag besteht, sind die Gesamtanzahl der Aktien und die Erlöse nicht bestimmbar. Die rechtliche Stellungnahme und zugehörige Anhänge sind dem Bericht beigefügt.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 08, 2025

 

 

SeaStar Medical Holding Corporation

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-39927

85-3681132

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

3513 Brighton Blvd,

Suite 410

 

Denver, Colorado

 

80216

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 844 427-8100

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock par value $0.0001 per share

 

ICU

 

The Nasdaq Stock Market LLC

Warrants, each whole warrant exercisable for one share of Common Stock for $11.50 per share

 

ICUCW

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

Item 8.01 Other Events

As previously disclosed, on August 20, 2024, SeaStar Medical Holding Corporation, (the “Company”), entered into an At the Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright & Co., LLC (the “Agent”), as sales agent, pursuant to which the Company may offer and sell shares of the Company’s common stock, par value $0.0001 per share (the “Shares”), from time to time in an at-the-market public offering. On July 10, 2025, the Company determined to suspend sales under the ATM Agreement and terminated the continuous offering of the initial aggregate offering price of $25,000,000. As of August 8, 2025, the Company had sold an aggregate of $6.8 million in shares of its common stock under the ATM Agreement.

The Company has determined to resume sales under the ATM Agreement, up to an aggregate offering price of $2,166,305. The Shares sold under the ATM Agreement will be offered and sold pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-275968), which was initially filed with the Securities and Exchange Commission (the “SEC”) on December 8, 2023 and declared effective on December 22, 2023, and a prospectus supplement and the accompanying prospectus relating to the at-the-market offering filed with the SEC on August 8, 2025.

Because there is no minimum offering amount required pursuant to the ATM Agreement, the total number of Shares to be sold under the ATM agreement, if any, and proceeds to the Company, if any, are not determinable at this time. The Company expects to use any net proceeds for general corporate purposes, which may include additions to working capital and capital expenditures.

The Company retains broad discretion over the use of the net proceeds and reserves the right to use these proceeds for different purposes or uses which have not been listed above. Until the Company uses the net proceeds, it intends to invest the funds in investment grade, interest-bearing securities or hold such proceeds in deposit accounts.

A copy of the opinion of the Company’s counsel relating to the validity of the Shares that may be sold pursuant to the ATM Agreement is filed herewith as Exhibit 5.1.

This Current Report on Form 8-K, including the exhibits filed herewith, shall not constitute an offer to sell or the solicitation of an offer to buy the Shares that may be sold pursuant to the ATM Agreement, nor shall there be any offer, solicitation or sale of the Shares in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

 

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.

 

Description

5.1

 

Opinion of Dorsey & Whitney LLP

23.1

 

Consent of Dorsey & Whitney LLP (contained in Exhibit 5.1)

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

SeaStar Medical Holding Corporation

 

 

By:

/s/ Eric Schlorff

Date:

August 8, 2025

Name:

Eric Schlorff

 

 

Title:

Chief Executive Officer

 


FAQ

What did SeaStar Medical (ICU) disclose in this Form 8-K?

The company disclosed it resumed an at-the-market (ATM) offering after suspending sales on July 10, 2025, and will offer shares under its effective Form S-3.

How much has SeaStar sold previously under the ATM?

As of August 8, 2025, SeaStar has sold an aggregate of $6.8 million of common stock under the ATM Agreement.

How much additional offering capacity did SeaStar authorize?

The company determined to resume sales up to an aggregate offering price of $2,166,305.

Will SeaStar Medical receive a minimum amount from the ATM offering?

No. The ATM Agreement specifies there is no minimum offering amount, so total shares and proceeds are not determinable.

What will SeaStar use any net proceeds for?

The company expects to use any net proceeds for general corporate purposes, which may include additions to working capital and capital expenditures, and may temporarily invest funds in investment-grade securities or deposit accounts.
SeaStar Medical Holding Corp

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Biotechnology
Surgical & Medical Instruments & Apparatus
United States
DENVER