{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-012979","form_type":"8-K","ticker":"SGHT","cik":"0001531177","company_name":"Sight Sciences, Inc.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.523205+00:00","generated_at":"2026-06-06T20:00:35.733407+00:00","sec_items":["1.01","1.02","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sight Sciences closes $65M credit facility with Hercules Capital, draws $35M to refinance prior debt","bullets":["$35M funded at closing from $65M total facility; used to repay $37.7M MidCap term loan.","Interest at greater of 10.35% or prime+2.35%; exit fee 5.95% on drawn amounts; 54-month maturity.","Interest-only period of 30 months, extendable to 36 upon performance milestones; warrants for 2% of loans.","Covenants include minimum cash 85% of secured obligations and trailing revenue test; prepayment premiums up to 3%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-012979","json":"https://secwatch.observer/filing/0001193125-24-012979.json","markdown":"https://secwatch.observer/filing/0001193125-24-012979.md","text":"https://secwatch.observer/filing/0001193125-24-012979.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/0001193125-24-012979-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/d715146d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:00:35.733407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c2789920f1b4c704d5b45d3048da7a5c1d283b4","claim":"Sight Sciences, Inc. incurred term loan of up to $65.0 million with Hercules Capital, Inc at greater of (i) 10.35% or (ii) the Wall Street Journal prime rate plus 2.35% maturing July 1, 2028.","evidence_excerpt":"Sight Sciences, Inc. (“Company” and collectively with any Company affiliates that are made party to the Loan Agreement, “Borrower”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Hercules Capital, Inc (“Hercules” or “Agent”) and certain affiliates of Hercules (collectively with Hercules, the “Lender”), which provides for a senior secured term loan facility in the aggregate principal amount of up to $65.0 million (the “Term Loan Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/0001193125-24-012979-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $65.0 million"},{"label":"Counterparty","value":"Hercules Capital, Inc"},{"label":"Rate","value":"greater of (i) 10.35% or (ii) the Wall Street Journal prime rate plus 2.35%"},{"label":"Maturity","value":"July 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5372b4066ca11624d9d6b5f3b780c77dd1c275ae","claim":"Sight Sciences, Inc. entered into Loan and Security Agreement with Hercules Capital, Inc. and certain affiliates valued at $65.0 million (effective 2024-01-22).","evidence_excerpt":"On January 22, 2024 (the “Closing Date”), Sight Sciences, Inc. (“Company” and collectively with any Company affiliates that are made party to the Loan Agreement, “Borrower”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Hercules Capital, Inc (“Hercules” or “Agent”) and certain affiliates of Hercules (collectively with Hercules, the “Lender”), which provides for a senior secured term loan facility in the aggregate principal amount of up to $65.0 million (the “Term Loan Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1531177/000119312524012979/0001193125-24-012979-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Hercules Capital, Inc. and certain affiliates"},{"label":"Value","value":"$65.0 million"},{"label":"Effective","value":"2024-01-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}