{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-007995","form_type":"8-K","ticker":"LQDA","cik":"0001819576","company_name":"Liquidia Corp","filed_at":"2023-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.763061+00:00","generated_at":"2026-06-20T06:44:24.294823+00:00","sec_items":["1.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Liquidia terminates SVB loan with $22.4M payoff; closes initial $32.5M of $100M revenue interest financing","bullets":["On Jan 27, 2023, Liquidia terminated its Amended and Restated Loan and Security Agreement with Silicon Valley Bank.","Payoff amount of $22,356,635 paid to SVB, including a $1.0 million prepayment fee; all liens released.","Termination occurred in connection with the Revenue Interest Financing Agreement with HealthCare Royalty Partners for up to $100M.","Initial closing of $32.5M funded on same date; new financing replaces prior debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-007995","json":"https://secwatch.observer/filing/0001104659-23-007995.json","markdown":"https://secwatch.observer/filing/0001104659-23-007995.md","text":"https://secwatch.observer/filing/0001104659-23-007995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/0001104659-23-007995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/tm232655d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:44:24.294823+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":"003f4ec0781901fac07ff19f06c4c20b59ed2887","claim":"Liquidia Corp terminated Amended and Restated Loan and Security Agreement with Silicon Valley Bank valued at payoff amount of $22,356,635 (effective 2023-01-27).","evidence_excerpt":"On the Initial Closing Date, the SVB Loan was terminated upon the receipt by SVB of a payoff amount of $22,356,635 from the Company Group.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819576/000110465923007995/0001104659-23-007995-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Value","value":"payoff amount of $22,356,635"},{"label":"Effective","value":"2023-01-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}