---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-113996"
form_type: "8-K"
ticker: "HYPR"
cik: "0001833769"
company_name: "Hyperfine, Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:55:50.850482+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hyperfine secures up to $40M debt facility from Horizon Technology Finance; borrows $15M at close

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-26-113996
- form_type: 8-K
- ticker: HYPR
- cik: 0001833769
- company_name: Hyperfine, Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/0001193125-26-113996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/d86022d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-113996
- JSON: https://secwatch.observer/filing/0001193125-26-113996.json
- Plain text: https://secwatch.observer/filing/0001193125-26-113996.txt

## Source-grounded claims
- claim_id: 6ca6cd17a77e338d1fefc5703274d8b5e871ed95
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/0001193125-26-113996-index.htm
- claim_id: 8cbf4e28df4416c6015c0f230802e48d80c17c01
  claim: Hyperfine, Inc. entered into Loan and Security Agreement with Horizon Technology Finance Corporation valued at up to $40.0 million (effective 2026-03-18).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/0001193125-26-113996-index.htm

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