PAVmed : Material Agreement - Form 8-K

Item 1.01. Entry into a Material Definitive Agreement.

On April 25, 2024, PAVmed Inc. (the "Company") entered into a letter agreement with the holder of the senior secured convertible note issued by the Company as of April 4, 2022 (the "April 2022 Note") and the secured convertible note issued by the Company as of September 8, 2022 (the "September 2022 Note," and together with the April 2022 Note, the "Notes"), pursuant to which the Company and the holder agreed to extend the deadline for the payment of a $2,000,000 fee due in respect of the Notes. As previously disclosed, the Company had agreed in March 2024 to pay the fee in consideration of the one year extension of the maturity date of each of the Notes and the waiver of certain of the financial covenants contained in the Notes. Pursuant to the letter agreement, the due date for the fee was extended from April 25, 2024 to June 15, 2024.