secwatch.observer — SEC 8-K summary
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Issuer:     HYPERION DEFI, INC. (HYPD)
CIK:        0001682639
Form:       8-K
Filed at:   2026-10-02T12:05:47+00:00
Accession:  0001104659-26-113050
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.02, 8.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682639/000110465926113050/0001104659-26-113050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682639/000110465926113050/tm2626852d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113050

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