---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-122648"
form_type: "8-K"
ticker: "HYPD"
cik: "0001682639"
company_name: "HYPERION DEFI, INC."
filed_at: "2022-11-29T23:59:59+00:00"
generated_at: "2026-06-21T12:18:34.310499+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eyenovia enters $15M credit facility with Avenue Venture Debt; $10M funded at close

## Summary
- $15M facility: $10M funded at close ($9.5M net); $5M contingent on MydCombi FDA approval by Aug 2023.
- Interest: prime + 4.45% (floor 7%), maturity Nov 1, 2025; interest-only 12 months then amortizing.
- Collateralized by substantially all assets; prepayment fee 3%/2%/1% depending on year of prepayment.
- Issued 547,807 shares of common stock to lenders under subscription agreement.
- Pro-forma cash ~$25.5M; funds operations through late 2023/early 2024 including potential MydCombi launch.

## SEC filing metadata
- accession: 0001104659-22-122648
- form_type: 8-K
- ticker: HYPD
- cik: 0001682639
- company_name: HYPERION DEFI, INC.
- filed_at: 2022-11-29T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682639/000110465922122648/0001104659-22-122648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682639/000110465922122648/tm2231464d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-122648
- JSON: https://secwatch.observer/filing/0001104659-22-122648.json
- Plain text: https://secwatch.observer/filing/0001104659-22-122648.txt

## Key facts
- Debt Financings
  HYPERION DEFI, INC. incurred term loan of up to $15.0 million with Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P. at greater of (a) the sum of 4.45% and the prime rate as reported in The Wall Stree maturing November 1, 2025.
  - Instrument: term loan
  - Principal: up to $15.0 million
  - Counterparty: Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P.
  - Rate: greater of (a) the sum of 4.45% and the prime rate as reported in The Wall Stree
  - Maturity: November 1, 2025
  - Event: incurrence
  source text: Amount . The Loan and Security Agreement provides for term loans in an aggregate principal amount of up to $15.0 million to be delivered in multiple tranches (the “Term Loans”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682639/000110465922122648/0001104659-22-122648-index.htm
- Material Agreements
  HYPERION DEFI, INC. entered into Subscription Agreement with the Lenders (Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P.) (effective 2022-11-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Lenders (Avenue Venture Opportunities Fund II, L.P. and Avenue Venture Opportunities Fund, L.P.)
  - Effective: 2022-11-22
  source text: In connection with the entry into the Loan and Security Agreement, the Company entered into a Subscription Agreement by and among the Company and the Lenders, pursuant to which the Company issued (i) 219,123 shares of Common Stock to Avenue 1 and (ii) 328,684 shares of Common Stock to Avenue 2, with an issue date as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682639/000110465922122648/0001104659-22-122648-index.htm
- Material Agreements
  HYPERION DEFI, INC. entered into Loan and Security Agreement with Avenue Capital Management II, L.P., as administrative agent and collateral agent, Avenue Venture Opportunities Fund II, L.P., as a lender, and Avenue Venture Opportunities Fund, L.P., as a lender valued at $15.0 million (effective 2022-11-22).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Avenue Capital Management II, L.P., as administrative agent and collateral agent, Avenue Venture Opportunities Fund II, L.P., as a lender, and Avenue Venture Opportunities Fund, L.P., as a lender
  - Value: $15.0 million
  - Effective: 2022-11-22
  source text: On November 22, 2022, Eyenovia, Inc. (the “Company”), as borrower, entered into a Loan and Security Agreement, including the initial Supplement referenced therein (the “Loan and Security Agreement”), with Avenue Capital Management II, L.P., as administrative agent and collateral agent (the “Agent”), Avenue Venture Opportunities Fund II, L.P., as a lender (“Avenue 2”), and Avenue Venture Opportunities Fund, L.P., as a lender (“Avenue 1", and together with Avenue 2, the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682639/000110465922122648/0001104659-22-122648-index.htm

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