secwatch.observer — SEC 8-K summary
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Issuer:     Ocugen, Inc. (OCGN)
CIK:        0001372299
Form:       8-K/A
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001104659-25-010531
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372299/000110465925010531/0001104659-25-010531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372299/000110465925010531/tm255898d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-010531

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