---
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"
generated_at: "2026-06-22T03:34:46.342902+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# 908 Devices replaces $25M SVB credit line with $35M Silicon Valley Bank facility, maturing Nov 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115727
- JSON: https://secwatch.observer/filing/0001104659-22-115727.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115727.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $35.0 million
  - Counterparty: Silicon Valley Bank
  - Rate: greater of (i) 3.50% and (ii) prime rate minus 0.50%
  - Maturity: November 2, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm
- Material Agreements
  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).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Signature Bank
  - Value: revolving line of credit of up to $25.0 million
  - Effective: 2022-11-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: revolving line of credit of up to $35.0 million
  - Effective: 2022-11-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465922115727/0001104659-22-115727-index.htm

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