Pulmonx Corp (LUNG): debt financing — Pulmonx enters $60M secured credit facility with Perceptive; draws $40M upfront

Pulmonx Corp

$60M senior secured term loan from Perceptive; $40M drawn at closing, up to $20M additional tranches tied to $92.5M and $100M revenue milestones.
Interest rate: SOFR + 7.00% margin (minimum SOFR floor 3.75%); up to 2% margin can be paid-in-kind for 36 months.
Issued warrants to Perceptive for 1M shares at $1.92 (25% premium to 10-day VWAP); additional warrants on delayed draw fundings.
Maturity March 2, 2031; prepayment premium of 2-10% if within first 4 years; exit fee of 1.5%; minimum liquidity covenant of $4M.
Repaid and terminated existing CIBC credit agreement; no termination fees.

item 1.01 item 1.02 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Pulmonx Corp incurred term loan of up to $60.0 million with Perceptive Credit Holdings V, LP at 7.00% plus the greater of one-month term SOFR and 3.75% maturing March 2, 2031.

Instrument: term loan
Principal: up to $60.0 million
Counterparty: Perceptive Credit Holdings V, LP
Rate: 7.00% plus the greater of one-month term SOFR and 3.75%
Maturity: March 2, 2031
Event: incurrence

Exact text from the filing

a senior secured term loan facility in an aggregate principal amount of up to $60.0 million

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Pulmonx Corp issued 1,000,000 shares of warrant to Perceptive Credit Holdings V, LP.

Security: warrant
Shares: 1,000,000 shares
Purchaser: Perceptive Credit Holdings V, LP

Exact text from the filing

On the Closing Date, the Company issued to Perceptive a warrant to purchase up to 1,000,000 shares of the Company’s common stock, par value $0.001 per share, with an exercise price of $1.92 per share

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Pulmonx Corp entered into Credit Agreement and Guaranty with Perceptive Credit Holdings V, LP valued at up to $60.0 million (effective 2026-03-02).

Action: entry
Agreement: credit facility
Counterparty: Perceptive Credit Holdings V, LP
Value: up to $60.0 million
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026 (the “Closing Date”), Pulmonx Corporation (the “Company”) entered into a Credit Agreement and Guaranty (the “Credit Agreement”) and a Security Agreement (the “Security Agreement”), with Perceptive Credit Holdings V, LP (“Perceptive”), as the initial lender, administrative agent and collateral agent. The Perceptive Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of up to $60.0 million (the “Loan Facility”).

View on SEC.gov

31 debt financings filed in the last 30 days. Browse all debt financings →

Pulmonx Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-092064

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.