secwatch.observer — SEC 8-K summary
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Issuer:     HYPERION DEFI, INC. (HYPD)
CIK:        0001682639
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001104659-25-056679
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eyenovia amends loan agreement to cap lender beneficial ownership at 9.99% on up to $10M conversion at $1.68/share
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- Third Amendment caps lender beneficial ownership at 9.99% (adjustable to 19.99% with 61-day notice) on conversion of up to $10M principal.
- Conversion price unchanged at $1.68 per share for up to $10M aggregate principal under existing $15M loan facility.
- Lenders granted anti-dilution protections in fundamental transactions (merger, asset sale, recap), entitling them to same consideration as common shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682639/000110465925056679/0001104659-25-056679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682639/000110465925056679/tm2517193d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-056679

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer