Appgate : Private Placement - Form 8-K

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

As previously disclosed by Appgate, Inc., a Delaware corporation ("Appgate" or the "Company"), on the Form 8-K filed by the Company on June 15, 2023 with the Securities and Exchange Commission (the "SEC"), on June 9, 2023, Appgate, Appgate Cybersecurity, Inc., a Delaware corporation ("Legacy Appgate"), and the lenders party thereto (the "Lenders") entered into that certain A&R Note Purchase Agreement, pursuant to which, among other things, the Lenders may purchase, at their sole respective option, up to $15.0 million aggregate principal amount of additional Legacy Appgate Convertible Senior Notes due 2026 ("Additional Notes") in one or more subsequent closings on or prior to June 9, 2025.

As previously disclosed by Appgate on the Form 8-K filed by Appgate with the SEC on January 18, 2024, on January 11, 2024, the Lenders exercised their option to purchase an aggregate amount of $4,000,000 of Additional Notes. On March 28, 2024, the Lenders exercised their option to purchase an aggregate amount of $1,500,000 of Additional Notes. As a result, Legacy Appgate has received $5,500,000 in gross proceeds with respect to the Additional Notes.