---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-454447"
form_type: "8-K"
ticker: "CDXS"
cik: "0001200375"
company_name: "CODEXIS, INC."
filed_at: "2026-11-10T12:33:26+00:00"
generated_at: "2026-11-10T12:35:07.965765+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Codexis signs $60M Trinity Capital term loan, repays $43.6M Innovatus debt

## Summary
- Tranche A of $42.5M funded Nov 5, 2026; Tranche B $7.5M available through Dec 15, 2027; Tranche C $10M subject to lender discretion.
- Interest at greater of 10.50% or WSJ prime (capped at 8.00%) plus 3.75%; interest-only until Nov 1, 2030, maturing Nov 1, 2031.
- Issued warrants for 1,666,668 shares at $1.08; 1,180,556 vested on Tranche A funding; 3.0% of each loan principal, expiring Nov 5, 2036.
- Repaid Innovatus Loan Agreement in full for about $43.6M, including principal, accrued interest, prepayment and final fees; liens released.
- Covenant requires liquidity at least outstanding principal when market cap is below $400M; 5.00% end-of-term payment and 1.00% commitment fee.

## SEC filing metadata
- accession: 0001193125-26-454447
- form_type: 8-K
- ticker: CDXS
- cik: 0001200375
- company_name: CODEXIS, INC.
- filed_at: 2026-11-10T12:33:26+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1200375/000119312526454447/0001193125-26-454447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1200375/000119312526454447/d187712d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-454447
- JSON: https://secwatch.observer/filing/0001193125-26-454447.json
- Plain text: https://secwatch.observer/filing/0001193125-26-454447.txt

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