---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025530"
form_type: "8-K"
ticker: "BDSX"
cik: "0001439725"
company_name: "BIODESIX INC"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T14:56:36.316866+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Biodesix raises $70.7M via $50M term loan and $40.3M equity; retires $24M in debt

## Summary
- Entered $50M Perceptive term loan; $30M drawn at close, two $10M tranches available on revenue milestones.
- Priced public offering of 35.075M shares at $1.15; gross proceeds $40.3M; net ~$37.5M.
- Used $24M of net proceeds to repay Streeterville note ($18.2M) and SVB term loan ($5.8M).
- Loan is interest-only for 5 years at SOFR (floor 3%) + 9%; matures Nov 2027; warrants for up to 5M shares at $1.0648.
- Management purchased 278,514 shares at $1.15 in a private placement; lock-up 90 days.

## SEC filing metadata
- accession: 0000950170-22-025530
- form_type: 8-K
- ticker: BDSX
- cik: 0001439725
- company_name: BIODESIX INC
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/0000950170-22-025530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/bdsx-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025530
- JSON: https://secwatch.observer/filing/0000950170-22-025530.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025530.txt

## Key facts
- Debt Financings
  BIODESIX INC incurred term loan of $30.0 million with Perceptive Credit Holdings IV, LP at greater of forward-looking one-month term SOFR and 3.0% per annum, plus an appli maturing November 21, 2027.
  - Instrument: term loan
  - Principal: $30.0 million
  - Counterparty: Perceptive Credit Holdings IV, LP
  - Rate: greater of forward-looking one-month term SOFR and 3.0% per annum, plus an appli
  - Maturity: November 21, 2027
  - Event: incurrence
  source text: On November 16, 2022 (the Closing Date), the Company entered into a Credit Agreement and Guaranty (the Credit Agreement) with Perceptive Credit Holdings IV, LP as the lender and administrative agent (the Lender). The Credit Agreement provides for a senior secured delayed draw term loan facility with Perceptive Advisors LLC (Perceptive), in an aggregate principal amount of up to $50.0 million (the Perceptive Term Loan Facility). The initial funding of the Perceptive Term Loan Facility was subject to a capital raise of at least $30.0 million in gross proceeds from an equity offering of the Company's common stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/0000950170-22-025530-index.htm
- Material Agreements
  BIODESIX INC terminated 2021 Term Loan with Silicon Valley Bank valued at $3 million (effective 2022-11-21).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: $3 million
  - Effective: 2022-11-21
  source text: and the outstanding principal balance of $3 million under the term loan under the Loan and Security Agreement with Silicon Valley Bank (the 2021 Term Loan)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/0000950170-22-025530-index.htm
- Material Agreements
  BIODESIX INC terminated Promissory Note One with Streeterville Capital, LLC valued at $16.0 million (effective 2022-11-21).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Streeterville Capital, LLC
  - Value: $16.0 million
  - Effective: 2022-11-21
  source text: the Company fully repaid all outstanding principal, accrued and unpaid interest as well as any prepayment and other fees due under the existing $16.0 million promissory note with Streeterville Capital, LLC (Promissory Note One)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/0000950170-22-025530-index.htm
- Material Agreements
  BIODESIX INC entered into Credit Agreement and Guaranty with Perceptive Credit Holdings IV, LP valued at up to $50.0 million (effective 2022-11-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Perceptive Credit Holdings IV, LP
  - Value: up to $50.0 million
  - Effective: 2022-11-16
  source text: On November 16, 2022 (the Closing Date), the Company entered into a Credit Agreement and Guaranty (the Credit Agreement) with Perceptive Credit Holdings IV, LP as the lender and administrative agent (the Lender).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439725/000095017022025530/0000950170-22-025530-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.