secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001628280-23-020562
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics reduces required CIBC deposit to $90M, frees excess cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000162828023020562/0001628280-23-020562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000162828023020562/prct-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-020562

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