---
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"
generated_at: "2026-06-02T21:39:29.268112+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Precipio secures $500K loan facility due to Change Healthcare cyberattack cash-flow delay

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-057536
- JSON: https://secwatch.observer/filing/0001104659-24-057536.json
- Plain text: https://secwatch.observer/filing/0001104659-24-057536.txt

## Key facts
- Debt Financings
  Precipio, Inc. incurred loan of $250,000 with Altbanq Lending LLC. at 20%.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: Altbanq Lending LLC.
  - Rate: 20%
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/0001104659-24-057536-index.htm
- Material Agreements
  Precipio, Inc. entered into Business Loan and Security Agreement with Altbanq Lending LLC. valued at $250,000 (effective 2024-05-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Altbanq Lending LLC.
  - Value: $250,000
  - Effective: 2024-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1043961/000110465924057536/0001104659-24-057536-index.htm

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