Sight Sciences draws $5M additional term loan; total borrowings reach $40M

Sight Sciences, Inc.

Drawdown of $5.0 million Tranche 1(b) under existing $65M Hercules Capital facility; total term loan now $40M.
Loan matures July 1, 2028; floating rate at greater of 10.35% or prime plus 2.35%.
Exit fee of 5.95% of funded amounts due upon repayment or maturity.
Warrants issued to lenders for 2% of principal amount (approx $0.1M face value), exercisable for seven years.
Proceeds for general corporate purposes; company targets cash flow breakeven without equity raise.

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