secwatch.observer — SEC 8-K summary
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Issuer:     CODEXIS, INC. (CDXS)
CIK:        0001200375
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-033744
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Codexis secures up to $40M term loan from Innovatus; $30M funded
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- First tranche of $30M funded on Feb 13, 2024; second $10M tranche available on milestones.
- Interest-only payments for 36-48 months; floating rate of greater of Prime or 7.50% plus 3.25%.
- Term loans mature 5 years from initial funding; secured by substantially all assets.
- Issued warrants to Innovatus to purchase 424,028 shares at $2.83 per share, cashless exercise.
- Proceeds used for working capital and general business requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1200375/000119312524033744/0001193125-24-033744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1200375/000119312524033744/d787129d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-033744

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