---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-092064"
form_type: "8-K"
ticker: "LUNG"
cik: "0001127537"
company_name: "Pulmonx Corp"
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:20:16.793309+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pulmonx enters $60M secured credit facility with Perceptive; draws $40M upfront

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-26-092064
- form_type: 8-K
- ticker: LUNG
- cik: 0001127537
- company_name: Pulmonx Corp
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127537/000119312526092064/0001193125-26-092064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127537/000119312526092064/d126478d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-092064
- JSON: https://secwatch.observer/filing/0001193125-26-092064.json
- Plain text: https://secwatch.observer/filing/0001193125-26-092064.txt

## Source-grounded claims
- claim_id: 8f3d0a9d76999c80d8730f0546e88102fea20e05
  claim: 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.
  evidence_excerpt: a senior secured term loan facility in an aggregate principal amount of up to $60.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127537/000119312526092064/0001193125-26-092064-index.htm
- claim_id: 222f71b0898ca52171949bbbb8efdafb51dd7b85
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1127537/000119312526092064/0001193125-26-092064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.