8-K
filed March 18, 2026, 7:59 PM ET
ticker HYPR
CIK 0001833769
debt
confidence high
sentiment neutral
materiality 0.70
Hyperfine, Inc. (HYPR): debt financing — Hyperfine secures up to $40M debt facility from Horizon Technology Finance; borrows $15M at close
Hyperfine, Inc.
- Borrowed $15M at closing on March 18, 2026; additional $25M available through Dec 31, 2027.
- Interest rate: prime + 4.25% with a floor of 6.50% (minimum 10.75% per annum).
- Interest-only payments for 48 months; potential extension to interest-only through maturity (March 18, 2031).
- Issued warrants for up to 1,083,335 shares at $1.20/share (562,500 initial warrants exercisable immediately).
- Commitment fee of $400,000; final payment equal to 5% of original principal; prepayment premiums from 1% to 3%.
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
Hyperfine, Inc. incurred term loan of up to $40.0 million with Horizon Technology Finance Corporation at prime rate plus 4.25% with the prime rate having a floor of 6.50%; provided that maturing March 18, 2031.
- Instrument
- term loan
- Principal
- up to $40.0 million
- Counterparty
- Horizon Technology Finance Corporation
- Rate
- prime rate plus 4.25% with the prime rate having a floor of 6.50%; provided that
- Maturity
- March 18, 2031
- Event
- incurrence
Exact text from the filing
corporation, as lender and collateral agent (the “Lender”). The Loan Agreement provides for a senior secured term loan facility in an aggregate principal amount of up to $40.0 million (collectively, the “Term Loans”). The proceeds of the Term Loans will be used for working capital and general corporate purposes. The Company borrowed $15.0 million of Term Loans
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Hyperfine, Inc. issued 562,500 shares of warrant to Horizon Technology Finance Corporation for $1.20 per share.
- Security
- warrant
- Shares
- 562,500 shares
- Purchaser
- Horizon Technology Finance Corporation
- Consideration
- $1.20 per share
Exact text from the filing
the Company issued to the Lender (i) warrants to purchase up to an aggregate of 562,500 shares (the “Initial Warrants”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and (ii) warrants to purchase up to an aggregate of 520,835 shares (the “Additional Warrants”) of Common Stock, in each case at an exercise price of $1.20 per share (collectively, the “Warrants”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Hyperfine, Inc. issued 520,835 shares of warrant to Horizon Technology Finance Corporation for $1.20 per share.
- Security
- warrant
- Shares
- 520,835 shares
- Purchaser
- Horizon Technology Finance Corporation
- Consideration
- $1.20 per share
Exact text from the filing
the Company issued to the Lender (i) warrants to purchase up to an aggregate of 562,500 shares (the “Initial Warrants”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and (ii) warrants to purchase up to an aggregate of 520,835 shares (the “Additional Warrants”) of Common Stock, in each case at an exercise price of $1.20 per share (collectively, the “Warrants”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hyperfine, Inc. entered into Loan and Security Agreement with Horizon Technology Finance Corporation valued at up to $40.0 million (effective 2026-03-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Horizon Technology Finance Corporation
- Value
- up to $40.0 million
- Effective
- 2026-03-18
Exact text from the filing
On March 18, 2026 (the “Closing Date”), Hyperfine, Inc. (the “Company” or the “Borrower”) entered into a Loan and Security Agreement (the “Loan Agreement”) by and between the Company, as borrower, and Horizon Technology Finance Corporation, a Delaware corporation, as lender and collateral agent (the “Lender”).
View on SEC.gov
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