---
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"
generated_at: "2026-05-26T05:59:51.702764+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Eyenovia amends loan agreement, defers payments through Sep 2025, grants $10M conversion option at $1.68

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-016375
- JSON: https://secwatch.observer/filing/0001104659-25-016375.json
- Plain text: https://secwatch.observer/filing/0001104659-25-016375.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $10.3 million in principal
  - Counterparty: 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
  - Rate: an annual rate equal to the greater of (a) 7.0% and (b) the prime rate as report
  - Maturity: November 1, 2025
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1682639/000110465925016375/0001104659-25-016375-index.htm

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