---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098781"
form_type: "8-K"
ticker: "LQDA"
cik: "0001819576"
company_name: "Liquidia Corp"
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:28:53.502139+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Liquidia amends financing with HCR, extends payments to 2031, adds $32.5M subject to equity raise

## Summary
- Fifth Amendment moves remaining $32.5M from tranches 3/4 to tranche 2; total $100M non-dilutive capital fully committed.
- Payment schedule extended from 2029 to 2031; $23.8M payment due July 2025 deferred to two equal payments in Jan and July 2026.
- Funding of $32.5M conditioned on Liquidia raising at least $50M in gross proceeds from common stock sales on or after Sept 11, 2024.
- Aggregate payments capped at 175% of funded amounts; true-up threshold lowered to 16% for new funds (vs 18% prior).

## SEC filing metadata
- accession: 0001104659-24-098781
- form_type: 8-K
- ticker: LQDA
- cik: 0001819576
- company_name: Liquidia Corp
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819576/000110465924098781/0001104659-24-098781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819576/000110465924098781/tm2423751d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098781
- JSON: https://secwatch.observer/filing/0001104659-24-098781.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098781.txt

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