---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113050"
form_type: "8-K"
ticker: "HYPD"
cik: "0001682639"
company_name: "HYPERION DEFI, INC."
filed_at: "2026-10-02T12:05:47+00:00"
generated_at: "2026-10-12T14:31:42.226486+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hyperion DeFi retires $8.6M Avenue Capital debt, starts buybacks with 240,124 shares at $3.21 average

## Summary
- Repaid in full the Avenue Capital Loan and Security Agreement (dated Nov 22, 2022); aggregate payoff ~$8.6M with no early termination penalties; no long-term debt outstanding after payoff.
- Repurchased 240,124 HYPD common shares at a weighted average gross price of $3.21 per share; 15,442,482 common shares outstanding as of September 30, 2026.
- Held approximately $14.5 million in cash, cash equivalents and USDC stablecoin as of September 30, 2026, plus 1.85 million Gross HYPE tokens.
- Sold 200,000 HYPE and HYPE liquid staking tokens during the quarter ended September 30, 2026, partially funding the Avenue Capital debt paydown.
- CEO Hyunsu Jung cites a September guidance raise, the buyback launch, debt payoff and new business announcements as Hyperion moves beyond legacy biotech brand Eyenovia.

## SEC filing metadata
- accession: 0001104659-26-113050
- form_type: 8-K
- ticker: HYPD
- cik: 0001682639
- company_name: HYPERION DEFI, INC.
- filed_at: 2026-10-02T12:05:47+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 8.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682639/000110465926113050/0001104659-26-113050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682639/000110465926113050/tm2626852d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113050
- JSON: https://secwatch.observer/filing/0001104659-26-113050.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113050.txt

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