Sonendo draws $10M Tranche 2 Loan under credit facility; Q2 earnings on Aug 10

Sonendo, Inc.

Drew $10M delayed-draw term loan (Tranche 2) from Perceptive Credit; maturity Aug 23, 2026.
Interest rate: greater of 1-month LIBOR and 2.00% plus 9.25% margin (default rate +3% to 12.25%).
Loan secured by substantially all assets; requires $3M cash minimum and revenue covenants ($26.4M–$95.3M rolling 12-month).
Second $10M tranche available until June 30, 2023, subject to $46M revenue condition and $100M market cap.
Prepayment premiums range from 7% to 1% if prepaid before Aug 23, 2025; none after.

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