secwatch.observer — SEC 8-K summary
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Issuer:     Ocugen, Inc. (OCGN)
CIK:        0001372299
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001104659-26-057138
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/0001104659-26-057138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372299/000110465926057138/tm2613898d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-057138

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