{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-115727","form_type":"8-K","ticker":"MASS","cik":"0001555279","company_name":"908 Devices Inc.","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.128235+00:00","generated_at":"2026-06-22T03:34:46.342902+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"908 Devices replaces $25M SVB credit line with $35M Silicon Valley Bank facility, maturing Nov 2025","bullets":["New $35M revolving credit line with Silicon Valley Bank; replaces prior $25M Signature Bank facility.","Interest rate: greater of 3.50% or Prime Rate minus 0.50%; floating; no amounts outstanding at signing.","Line matures Nov 2, 2025; secured by substantially all assets (IP negative pledge).","Financial covenant: minimum unrestricted cash minus advances >= $10M or 9 months cash burn.","Prior facility terminated voluntarily with no early termination penalties; no prepayment penalty if replaced by Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-115727","json":"https://secwatch.observer/filing/0001104659-22-115727.json","markdown":"https://secwatch.observer/filing/0001104659-22-115727.md","text":"https://secwatch.observer/filing/0001104659-22-115727.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/tm2229906d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T03:34:46.342902+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a99544f362bbb820b4aba6d66dccd71ac453fac7","claim":"908 Devices Inc. incurred revolving credit of $35.0 million with Silicon Valley Bank at greater of (i) 3.50% and (ii) prime rate minus 0.50% maturing November 2, 2025.","evidence_excerpt":"On November 2, 2022, 908 Devices Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ Loan Agreement ”), by and between, the Company, as borrower, and Silicon Valley Bank, as lender (the “ Lender ”). The Loan Agreement provides for a revolving line of credit of up to $35.0 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$35.0 million"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Rate","value":"greater of (i) 3.50% and (ii) prime rate minus 0.50%"},{"label":"Maturity","value":"November 2, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"877bdc8a50acf1bef6fc8c6a948a31870f5585f7","claim":"908 Devices Inc. terminated Prior Loan Agreement with Signature Bank valued at revolving line of credit of up to $25.0 million (effective 2022-11-02).","evidence_excerpt":"the Company’s previous $25.0 million revolving line of credit (the “ Prior Loan Agreement ”), entered into on March 11, 2021, by and between the Company , as borrower, and Signature Bank, as lender . The Company’s obligations under the Prior Loan Agreement were satisfied in full and the Prior Loan Agreement was terminated","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Signature Bank"},{"label":"Value","value":"revolving line of credit of up to $25.0 million"},{"label":"Effective","value":"2022-11-02"}],"fact_type":"material_agreement"},{"claim_id":"caa51cf5008287f32c587b763d27a2fc0c9db160","claim":"908 Devices Inc. entered into Loan and Security Agreement with Silicon Valley Bank valued at revolving line of credit of up to $35.0 million (effective 2022-11-02).","evidence_excerpt":"908 Devices Inc. (the \" Company \") entered into a Loan and Security Agreement (the \" Loan Agreement \"), by and between, the Company, as borrower, and Silicon Valley Bank, as lender (the \" Lender \"). The Loan Agreement provides for a revolving line of credit of up to $35.0 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Value","value":"revolving line of credit of up to $35.0 million"},{"label":"Effective","value":"2022-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}