secwatch.observer — SEC 8-K summary
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Issuer:     Ceribell, Inc. (CBLL)
CIK:        0001861107
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0000950170-25-088309
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ceribell exercises option to extend Stanford license exclusivity through patent expiration for $250K
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- Exercised option on June 12, 2025 to extend exclusive license for brain wave detection devices.
- Pays $250,000 exercise fee; remaining $20,000 waiver triggered.
- Exclusivity now runs through expiration of the last licensed patent, removing June 2025 sunset.
- No further milestone payments are due under amended agreement.
- License covers four Stanford inventions from Parvizi and Chafe labs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861107/000095017025088309/0000950170-25-088309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861107/000095017025088309/cbll-20250612.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-088309

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer