---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-057138"
form_type: "8-K"
ticker: "OCGN"
cik: "0001372299"
company_name: "Ocugen, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:31:05.078216+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocugen completes $115M convertible note offering at 6.75%, repays Avenue loan

## Summary
- $115M aggregate principal of 6.75% Convertible Senior Notes due 2034 issued; net proceeds ~$99.5M.
- ~$32.7M used to fully repay and terminate the Avenue Loan Agreement; remaining for general corporate purposes.
- Pro-forma cash, cash equivalents, and restricted cash estimated at $99.0M as of March 31, 2026.
- Initial conversion price ~$2.68/share (45% premium to $1.85 close on May 4, 2026); conversion rate 372.7866 shares per $1,000.
- Exchange cap of 67,629,947 shares until stockholder approval; max initial shares issuable 62,162,162.

## SEC filing metadata
- accession: 0001104659-26-057138
- form_type: 8-K
- ticker: OCGN
- cik: 0001372299
- company_name: Ocugen, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/0001104659-26-057138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/tm2613898d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-057138
- JSON: https://secwatch.observer/filing/0001104659-26-057138.json
- Plain text: https://secwatch.observer/filing/0001104659-26-057138.txt

## Source-grounded claims
- claim_id: ab00017723e4f4b50ba676e88de8b638e9a47724
  claim: Ocugen, Inc. incurred convertible notes of $115.0 million with U.S. Bank Trust Company, National Association at 6.75% maturing May 15, 2034.
  evidence_excerpt: On May 7, 2026, Ocugen, Inc. (the “Company”) completed its previously announced private offering (the “offering”) of $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/0001104659-26-057138-index.htm
- claim_id: 080953ff4d0121ab70647454457875ce7383f795
  claim: Ocugen, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (effective 2026-05-07).
  evidence_excerpt: On May 7, 2026, Ocugen, Inc. (the “Company”) completed its previously announced private offering (the “offering”) of $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”). The notes were issued pursuant to an indenture, dated May 7, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/0001104659-26-057138-index.htm

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