{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-020562","form_type":"8-K","ticker":"PRCT","cik":"0001588978","company_name":"PROCEPT BioRobotics Corp","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.551449+00:00","generated_at":"2026-06-14T08:15:05.746671+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PROCEPT BioRobotics reduces required CIBC deposit to $90M, frees excess cash","bullets":["Loan amendment lowers minimum cash at CIBC to lesser of $90M or all non-operating cash.","Company may now keep cash and equivalents above that threshold at other financial institutions.","Existing covenants and terms of Loan Agreement remain unchanged except for the deposit requirement."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-020562","json":"https://secwatch.observer/filing/0001628280-23-020562.json","markdown":"https://secwatch.observer/filing/0001628280-23-020562.md","text":"https://secwatch.observer/filing/0001628280-23-020562.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1588978/000162828023020562/0001628280-23-020562-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1588978/000162828023020562/prct-20230601.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:15:05.746671+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c874ca352e118463902725008149b3f9ccb168f","claim":"PROCEPT BioRobotics Corp amended First Amendment with Canadian Imperial Bank of Commerce (effective 2023-06-01).","evidence_excerpt":"On June 1, 2023, PROCEPT BioRobotics Corporation (the “Company”) entered into a First Amendment (the “Amendment”) to the Loan and Security Agreement, dated as of October 6, 2022, by and between the Company and Canadian Imperial Bank of Commerce (the “Existing Loan Agreement” and including the Amendment, the “Loan Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1588978/000162828023020562/0001628280-23-020562-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Canadian Imperial Bank of Commerce"},{"label":"Effective","value":"2023-06-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}