{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-016375","form_type":"8-K","ticker":"HYPD","cik":"0001682639","company_name":"HYPERION DEFI, INC.","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.432933+00:00","generated_at":"2026-05-26T05:59:51.702764+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Eyenovia amends loan agreement, defers payments through Sep 2025, grants $10M conversion option at $1.68","bullets":["Deferred principal and interest payments until Sept 30, 2025; interest rate is prime + 4.45% (floor 7%).","Must use 65% (then 75%) of net proceeds from Chardan ATM to repay outstanding principal.","Lenders can convert up to $10M principal into common stock at $1.68/share starting Apr 1, 2025.","Outstanding principal under facility was $10.3M as of Feb 21, 2025; maturity remains Nov 1, 2025.","Deferred interest during first deferral period was added to principal; second deferral accrues unpaid cash interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-016375","json":"https://secwatch.observer/filing/0001104659-25-016375.json","markdown":"https://secwatch.observer/filing/0001104659-25-016375.md","text":"https://secwatch.observer/filing/0001104659-25-016375.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682639/000110465925016375/0001104659-25-016375-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682639/000110465925016375/tm257380d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:59:51.702764+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":"94afbf3a4d38dc14dc6e2f88db85527d923a30e4","claim":"HYPERION DEFI, INC. amended credit facility of $10.3 million in principal with Avenue Capital Management II, L.P., as administrative agent and collateral agent; Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., as lenders at an annual rate equal to the greater of (a) 7.0% and (b) the prime rate as report maturing November 1, 2025.","evidence_excerpt":"the Supplement, provides for term loans in an aggregate principal amount of up to $15.0 million to be delivered in multiple tranches. As of February 21, 2025, the Company owed $10.3 million in principal and accrued interest under the facility. Amounts outstanding under the facility bear interest at an annual rate equal to the greater of (a) 7.0% and (b) the prime","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682639/000110465925016375/0001104659-25-016375-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$10.3 million in principal"},{"label":"Counterparty","value":"Avenue Capital Management II, L.P., as administrative agent and collateral agent; Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., as lenders"},{"label":"Rate","value":"an annual rate equal to the greater of (a) 7.0% and (b) the prime rate as report"},{"label":"Maturity","value":"November 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}