{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-057536","form_type":"8-K","ticker":"PRPO","cik":"0001043961","company_name":"Precipio, Inc.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.015754+00:00","generated_at":"2026-06-02T21:39:29.268112+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Precipio secures $500K loan facility due to Change Healthcare cyberattack cash-flow delay","bullets":["Loan agreement with Altbanq Lending LLC for $250K initial draw; up to $500K total available.","Interest rate 20%; 52 weekly payments of $5,769.24; total repayment $300K on $250K drawn.","CEO Ilan Danieli provides personal guaranty for the loan.","Loan addresses temporary cash-collection delays from Change Healthcare cyberattack; Precipio IT unaffected.","Company can repay anytime without penalty; additional $250K available at discretion if no material change."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-057536","json":"https://secwatch.observer/filing/0001104659-24-057536.json","markdown":"https://secwatch.observer/filing/0001104659-24-057536.md","text":"https://secwatch.observer/filing/0001104659-24-057536.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/0001104659-24-057536-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/tm2413628d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:39:29.268112+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":"2e653b399c99bb0322e4f66eb4163ebc47248470","claim":"Precipio, Inc. incurred loan of $250,000 with Altbanq Lending LLC. at 20%.","evidence_excerpt":"On May 1, 2024, Precipio, Inc. (the “Company”) entered into a Business Loan and Security Agreement (the “Loan Agreement”), by and between the Company, as borrower, and Altbanq Lending LLC., as lender (the “Lender”) pursuant to which the Company obtained a loan from the Lender in the principal amount of $250,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/0001104659-24-057536-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"Altbanq Lending LLC."},{"label":"Rate","value":"20%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"646f03acceddd456bc8428571e48b6f5956e07fb","claim":"Precipio, Inc. entered into Business Loan and Security Agreement with Altbanq Lending LLC. valued at $250,000 (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Precipio, Inc. (the “Company”) entered into a Business Loan and Security Agreement (the “Loan Agreement”), by and between the Company, as borrower, and Altbanq Lending LLC., as lender (the “Lender”) pursuant to which the Company obtained a loan from the Lender in the principal amount of $250,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/0001104659-24-057536-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Altbanq Lending LLC."},{"label":"Value","value":"$250,000"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}