secwatch.observer — SEC 8-K summary
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Issuer:     Better Therapeutics, Inc. (—)
CIK:        0001832415
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001193125-24-073819
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Better Therapeutics receives notice of default from Hercules Capital; all loan obligations accelerated
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- Hercules Capital notified Better Therapeutics of defaults under minimum cash covenant, MAC, and insolvency clauses in Loan and Security Agreement.
- All obligations under the loan agreement are now immediately due and payable.
- Default interest rate may be applied to all amounts due, including principal, interest, and fees.
- Company had previously disclosed loan terms in March 2023 10-K and subsequent amendments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832415/000119312524073819/0001193125-24-073819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832415/000119312524073819/d808084d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-073819

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