{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-28T15:37:53.559722+00:00","company":{"ticker":"PMI","cik":2030617,"company_name":"Picard Medical, Inc."},"pagination":{"limit":100,"returned":26,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). 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their Offered Shares and Common Warrants pursuant to a securities purchase agreement dated May 5, 2026 by and among the Company and such investors (the “ Purchase Agreement ”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-26-004960","anchor_url":"https://secwatch.observer/filing/0001829126-26-004960#claim-a5a2fb87f8797f5faf9cbb71434e05eff5594f97","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912626004960/0001829126-26-004960-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"b7ee945964350d2fff1974103b49d05186c02914","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2026-05-11T21:08:14+00:00","payload":{"company_response":null,"compliance_status":"plan_due","cure_deadline":"2027-11-08","deficiency_type":"stockholders_equity","delisting_effective_date":null,"exchange":"nyse_american","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":"4.0 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The Notice states that the Company reported a stockholders’ equity of approximately $3.8 million as of","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001829126-26-004960","anchor_url":"https://secwatch.observer/filing/0001829126-26-004960#claim-b7ee945964350d2fff1974103b49d05186c02914","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912626004960/0001829126-26-004960-index.htm"},{"fact_type":"material_agreement","fact_key":"5fd50a3aaf5f2a3b97d47ff5d57c30036f4211b2","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2026-05-05T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Warrant Issuance and Exchange Agreement","agreement_type":"other","counterparty":"holder (the “Holder”)","effective_date":"2026-05-05","item_codes_triggered":["1.01"],"value_text":null},"claim":"Picard Medical, Inc. entered into Warrant Issuance and Exchange Agreement with holder (the “Holder”) (effective 2026-05-05).","evidence_excerpt":"On May 5, 2026, Picard Medical, Inc. 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The cash consideration delivered to the Company at the\nclosing was $490,000.00, after giving effect to the original issue discount and $10,000.00 withheld and directed for the Buyer’s\nexpenses. The Note bears a one-time interest charge of twelve\npercent, or","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-26-003451","anchor_url":"https://secwatch.observer/filing/0001829126-26-003451#claim-ad79b606ef40c6b2f8f84518f2c8e6de85e5037f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/0001829126-26-003451-index.htm"},{"fact_type":"debt_financing","fact_key":"0c6fa2ee86e9906e299a221bf60809b1f23e413d","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2026-04-13T23:59:59+00:00","payload":{"counterparty":"Quick Capital, LLC","effective_date":"2026-04-07","event":"incurrence","instrument_type":"convertible_notes","interest_rate_text":"twelve percent","item_codes_triggered":["2.03"],"maturity_text":"nine (9) months from the Issue Date","principal_text":"$555,555.56"},"claim":"Picard Medical, Inc. incurred convertible notes of $555,555.56 with Quick Capital, LLC at twelve percent maturing nine (9) months from the Issue Date.","evidence_excerpt":"On April 7, 2026, Picard Medical, Inc. 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Financial\nResults Revenue Total\nrevenue for 2025 was $4.94 million, compared to $4.39 million in 2024, representing an increase of 12.5 percent. Product revenue was\n$4.75 million, while rental revenue was $0.19 million. Product revenue was","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001829126-26-002663","anchor_url":"https://secwatch.observer/filing/0001829126-26-002663#claim-1eea06709aa75e146ec8c476bdb2906c72e0f6c6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912626002663/0001829126-26-002663-index.htm"},{"fact_type":"equity_issuance","fact_key":"70988e6debc5a58b4a3e602b10c30ffe9a2f4c4e","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"action":"private_placement","consideration_text":null,"effective_date":"2025-12-26","item_codes_triggered":["3.02"],"purchaser":"institutional investor","security_type":"warrant","shares_text":"7,009,346 shares of common stock"},"claim":"Picard Medical, Inc. issued 7,009,346 shares of common stock of warrant to institutional investor.","evidence_excerpt":"the Company also issued the Initial Warrants to purchase up to 7,009,346 shares of Common Stock","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-70988e6debc5a58b4a3e602b10c30ffe9a2f4c4e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"material_agreement","fact_key":"185fb8591218f65f5948fdeaa78cd73aef588a85","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"engagement letter","agreement_type":"underwriting","counterparty":"WestPark Capital, Inc.","effective_date":null,"item_codes_triggered":["1.01"],"value_text":null},"claim":"Picard Medical, Inc. entered into engagement letter with WestPark Capital, Inc..","evidence_excerpt":"In connection with the Private Placement, the Company entered into an engagement letter with WestPark Capital, Inc. (“WestPark”), pursuant to which WestPark acted as the Company’s exclusive placement agent.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-185fb8591218f65f5948fdeaa78cd73aef588a85","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"material_agreement","fact_key":"13cd89a054a2cda3d47d1afd7f61c04112000335","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Security Agreement","agreement_type":"other","counterparty":null,"effective_date":"2025-12-26","item_codes_triggered":["1.01"],"value_text":null},"claim":"Picard Medical, Inc. entered into Security Agreement (effective 2025-12-26).","evidence_excerpt":"In connection with the Purchase Agreement and the issuance of the Notes, (i) the Company entered into a Security Agreement, dated as of the Initial Closing (the “Security Agreement”), pursuant to which the Company granted a first-priority security interest in substantially all of the tangible and intangible assets of the Company and certain of its US subsidiaries, subject to permitted liens and exceptions, to secure the Company’s Obligations (as defined in the Security Agreement) under the Note Documents (as defined in the Security Agreement) and related transaction documents","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-13cd89a054a2cda3d47d1afd7f61c04112000335","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"material_agreement","fact_key":"b27d98738df8f5227f604a58282766f6d6dee4bb","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Notes","agreement_type":"credit_facility","counterparty":"a single institutional investor","effective_date":"2025-12-26","item_codes_triggered":["1.01"],"value_text":"an aggregate principal amount of $15,000,000"},"claim":"Picard Medical, Inc. entered into Notes with a single institutional investor valued at an aggregate principal amount of $15,000,000 (effective 2025-12-26).","evidence_excerpt":"On December 26, 2025 (the “Initial Closing”), the Company, pursuant to the Purchase Agreement, issued the Initial Purchased Notes (as defined in the Purchase Agreement) in an aggregate principal amount of $15,000,000, as the first draw under a notes facility.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-b27d98738df8f5227f604a58282766f6d6dee4bb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"material_agreement","fact_key":"247cc84d02b852cdf640dac7aa3d0cc5c1709f70","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Purchase Agreement","agreement_type":"equity_purchase","counterparty":"a single institutional investor","effective_date":"2025-12-24","item_codes_triggered":["1.01"],"value_text":null},"claim":"Picard Medical, Inc. entered into Purchase Agreement with a single institutional investor (effective 2025-12-24).","evidence_excerpt":"On December 24, 2025, Picard Medical, Inc. (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with a single institutional investor (the “Buyer”), pursuant to which the Company agreed to issue and sell, in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D, promulgated thereunder (the “Private Placement”): (i) senior secured notes of the Company due December 26, 2028 (the “Notes”) and (ii) warrants (the “Warrants” and together with the Notes, the “Securities”) to purchase 7,009,346 shares of the Company’s common stock","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-247cc84d02b852cdf640dac7aa3d0cc5c1709f70","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"debt_financing","fact_key":"0039358b33dad411424802ee855efcaad25a2062","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-12-30T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2025-12-26","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"0.00%","item_codes_triggered":["2.03"],"maturity_text":"December 26, 2028","principal_text":"$15,000,000"},"claim":"Picard Medical, Inc. incurred senior notes of $15,000,000 at 0.00% maturing December 26, 2028.","evidence_excerpt":"On December 26, 2025 (the “Initial Closing”), the Company, pursuant to the Purchase Agreement, issued the Initial Purchased Notes (as defined in the Purchase Agreement) in an aggregate principal amount of $15,000,000, as the first draw under a notes facility.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-010336","anchor_url":"https://secwatch.observer/filing/0001829126-25-010336#claim-0039358b33dad411424802ee855efcaad25a2062","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625010336/0001829126-25-010336-index.htm"},{"fact_type":"debt_financing","fact_key":"480ebf1a5d125054a1f4fc954a5cc0d5193e9ec0","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-11-26T23:59:59+00:00","payload":{"counterparty":"Fang Family Fund, LLC","effective_date":"2025-11-26","event":"incurrence","instrument_type":"loan","interest_rate_text":"6% per annum, compounded annually","item_codes_triggered":["2.03"],"maturity_text":"November 27, 2026","principal_text":"$1,000,000"},"claim":"Picard Medical, Inc. incurred loan of $1,000,000 with Fang Family Fund, LLC at 6% per annum, compounded annually maturing November 27, 2026.","evidence_excerpt":"On November 26, 2025 (the \" Effective Date \"), Picard Medical, Inc., a Delaware corporation (the \" Company \") entered into a short-term bridge financing in the form of an unsecured promissory note (the \" Note \") with Fang Family Fund, LLC (\" FFF I \"), an affiliate of Mr. Richard Fang, the Chairman of the Company’s Board of Directors (the \" Board \"), pursuant to which FFF I agreed to lend the Company an aggregate principal amount of $1,000,000 (the \" Principal Amount \").","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001829126-25-009479","anchor_url":"https://secwatch.observer/filing/0001829126-25-009479#claim-480ebf1a5d125054a1f4fc954a5cc0d5193e9ec0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625009479/0001829126-25-009479-index.htm"},{"fact_type":"governance_change","fact_key":"2dcfcef3ed99d0695c262e7450e30df640691441","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-09-04T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-08-28","item_codes_triggered":["5.03"],"summary_text":"Amended and Restated Bylaws were adopted and became effective"},"claim":"Picard Medical, Inc.: Amended and Restated Bylaws were adopted and became effective (effective 2025-08-28).","evidence_excerpt":"On August 28, 2025, the Company’s Amended and Restated Bylaws (the “ A&R Bylaws ”), in substantially the form previously filed as Exhibit 3.6 to the Registration Statement, were adopted by the Company and became effective.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-007057","anchor_url":"https://secwatch.observer/filing/0001829126-25-007057#claim-2dcfcef3ed99d0695c262e7450e30df640691441","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/0001829126-25-007057-index.htm"},{"fact_type":"governance_change","fact_key":"dfb57d5804f2654a1d4b55261feab979903242f0","cik":2030617,"ticker":"PMI","company_name":"Picard Medical, Inc.","filed_at":"2025-09-04T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-08-28","item_codes_triggered":["5.03"],"summary_text":"Second Amended and Restated Certificate of Incorporation became effective"},"claim":"Picard Medical, Inc.: Second Amended and Restated Certificate of Incorporation became effective (effective 2025-08-28).","evidence_excerpt":"On August 28, 2025, the Company’s Second Amended and Restated Certificate of Incorporation (the “ Second A&R Charter ”), in substantially the form previously filed as Exhibit 3.5 to the Registration Statement was filed with the Secretary of State of the State of Delaware and became effective.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001829126-25-007057","anchor_url":"https://secwatch.observer/filing/0001829126-25-007057#claim-dfb57d5804f2654a1d4b55261feab979903242f0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/0001829126-25-007057-index.htm"}]}