---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-26-002298"
form_type: "8-K"
ticker: "POSC"
cik: "0000844985"
company_name: "POSITRON CORP"
filed_at: "2026-08-18T20:48:00+00:00"
generated_at: "2026-08-18T20:49:04.591188+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Positron secures $2M line of credit from affiliated investor George Ortiz

## Summary
- $2,000,000 line of credit from George Ortiz, affiliated investor; draws capped at $500,000 per quarter.
- 12% fixed annual interest; interest-only for first 12 months, principal due by August 13, 2028.
- Issued warrants for 300,000 shares at $1.50 exercise price, expiring December 31, 2030; repriced to $1.00 on default.
- Proceeds for working capital, PET-CT platform commercialization, customer installations, inventory, and growth.

## SEC filing metadata
- accession: 0001539497-26-002298
- form_type: 8-K
- ticker: POSC
- cik: 0000844985
- company_name: POSITRON CORP
- filed_at: 2026-08-18T20:48:00+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/844985/000153949726002298/0001539497-26-002298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/844985/000153949726002298/n5417_x7-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-26-002298
- JSON: https://secwatch.observer/filing/0001539497-26-002298.json
- Plain text: https://secwatch.observer/filing/0001539497-26-002298.txt

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