---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-010531"
form_type: "8-K/A"
ticker: "OCGN"
cik: "0001372299"
company_name: "Ocugen, Inc."
filed_at: "2025-02-07T23:59:59+00:00"
generated_at: "2026-05-27T00:52:03.848253+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocugen enters $30M term loan facility with Avenue Capital; issues 1.06M shares to lenders

## Summary
- Term loans of $30M from Avenue Capital at prime + 4.25% (prime floor at closing), maturing Nov 1, 2028.
- Proceeds for working capital; prepayment premiums range 3.0% to 0.5% depending on timing.
- Lenders can convert up to $6M of principal into common stock at 80% of trading price, capped at 19.9% of outstanding shares.
- Company issued 211,268 shares to Avenue 1 and 845,070 shares to Avenue 2 as equity kicker.
- Collateral includes all assets with negative pledge on intellectual property; customary covenants and default provisions.

## SEC filing metadata
- accession: 0001104659-25-010531
- form_type: 8-K/A
- ticker: OCGN
- cik: 0001372299
- company_name: Ocugen, Inc.
- filed_at: 2025-02-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372299/000110465925010531/0001104659-25-010531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372299/000110465925010531/tm255898d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-010531
- JSON: https://secwatch.observer/filing/0001104659-25-010531.json
- Plain text: https://secwatch.observer/filing/0001104659-25-010531.txt

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