secwatch.observer — SEC 8-K summary
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Issuer:     BIODESIX INC (BDSX)
CIK:        0001439725
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0000950170-23-071761
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Biodesix draws $10M Tranche B loan from Perceptive; issues 1M-share warrants
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- Drew $10M Tranche B under existing $50M Perceptive term loan facility on Dec 15, 2023.
- Interest rate is greater of 1-month term SOFR or 3% plus 9.0% margin; maturity Nov 21, 2027.
- Issued Tranche B Warrants for 1,000,000 shares at $1.0648 per share, expiring Dec 15, 2033.
- Facility is secured by first lien on substantially all assets; must maintain $2.5M minimum cash and revenue milestones.
- Tranche C of up to $10M remains available subject to conditions; no other material changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439725/000095017023071761/0000950170-23-071761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439725/000095017023071761/bdsx-20231215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-071761

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