secwatch.observer — SEC 8-K summary
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Issuer:     Hyperfine, Inc. (HYPR)
CIK:        0001833769
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001193125-26-113996
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/0001193125-26-113996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833769/000119312526113996/d86022d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-113996

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer