{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-024952","form_type":"8-K","ticker":null,"cik":"0001597313","company_name":"ViewRay, Inc.","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.489736+00:00","generated_at":"2026-06-13T07:42:09.656570+00:00","sec_items":["1.01","1.03","2.04","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"ViewRay files Chapter 11, secures $6M DIP financing; CEO and board replaced","bullets":["Filed Chapter 11 on July 16, 2023; intends to sell substantially all assets under Section 363.","Secured $6M debtor-in-possession financing from MidCap Financial to support operations.","CEO Scott Drake terminated without cause; Paul Ziegler appointed CEO and to the board.","Directors Phillip Spencer and Gail Wilensky resigned; board reduced from 9 to 7 members.","About $57.5M in debt accelerated upon bankruptcy filing; interim CFO and other changes."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-024952","json":"https://secwatch.observer/filing/0001628280-23-024952.json","markdown":"https://secwatch.observer/filing/0001628280-23-024952.md","text":"https://secwatch.observer/filing/0001628280-23-024952.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/vray-20230715.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:42:09.656570+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":"83a251f0044db006b88c31e5f09279c38cbcf4e1","claim":"ViewRay, Inc. faced acceleration on credit facility of $57.5 million with Midcap Funding IV Trust, as agent, MidCap Financial Trust, as term loan servicer, Silicon Valley Bank and MidCap Financial Trust, as co-lead arrangers.","evidence_excerpt":"institutions party thereto from time to time as lenders (the “Credit, Security and Guaranty Agreement”). As of the Petition Date, the Debtors had an aggregate of approximately $57.5 million in outstanding principal under and accrued interest under the Credit, Security and Guaranty Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$57.5 million"},{"label":"Counterparty","value":"Midcap Funding IV Trust, as agent, MidCap Financial Trust, as term loan servicer, Silicon Valley Bank and MidCap Financial Trust, as co-lead arrangers"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"694e8c05784570e0439fa13ca448abcf56a76f3d","claim":"ViewRay, Inc. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2023-07-16).","evidence_excerpt":"On July 16, 2023 (the “Petition Date”), ViewRay, Inc. (the “Company”) and its subsidiary, ViewRay Technologies, Inc. (together with the Company, the “Debtors”), filed voluntary petitions for relief (the “Petitions”) under Chapter 11 of Title 11 (“Chapter 11”) of the United States Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-07-16"}],"fact_type":"distress_event"},{"claim_id":"2c3dc659fc","claim":"Phillip M. Spencer resigned as Director at ViewRay, Inc..","evidence_excerpt":"Phillip M. Spencer and Gail Wilensky, Ph.D., advised the Board of Directors (the “Board”) of the Company of their resignations from the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"569178ddcf","claim":"Paul Ziegler was appointed as Chief Executive Officer at ViewRay, Inc..","evidence_excerpt":"the Company appointed Paul Ziegler as CEO","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"57b4997fc4","claim":"Paul Ziegler was appointed as Class II Director at ViewRay, Inc..","evidence_excerpt":"the Board appointed Mr. Ziegler as a Class II director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class II Director"}],"fact_type":"executive_change"},{"claim_id":"6d74274f8f","claim":"Gail Wilensky resigned as Director at ViewRay, Inc..","evidence_excerpt":"Phillip M. Spencer and Gail Wilensky, Ph.D., advised the Board of Directors (the “Board”) of the Company of their resignations from the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7a752222ca","claim":"Adam Podbelski was appointed as Senior Vice President, Commercial Operations at ViewRay, Inc..","evidence_excerpt":"Adam Podbelski as Senior Vice President (“SVP”), Commercial Operations of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President, Commercial Operations"}],"fact_type":"executive_change"},{"claim_id":"97a6f5ca04","claim":"Cassie Mahar was appointed as Interim Chief Financial Officer at ViewRay, Inc..","evidence_excerpt":"Cassie Mahar, currently VP of Accounting and Corporate Controller, to serve as the Company's interim CFO","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"b002b53162","claim":"Jake Signoriello was terminated as Interim Chief Financial Officer at ViewRay, Inc..","evidence_excerpt":"the employments of Scott Drake as Chief Executive Officer (“CEO”), Jake Signoriello as Interim Chief Financial Officer (“CFO”) and Robert McCormack as Chief Legal Officer of the Company were terminated.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"d4325f07ff","claim":"Robert McCormack was terminated as Chief Legal Officer at ViewRay, Inc..","evidence_excerpt":"the employments of Scott Drake as Chief Executive Officer (“CEO”), Jake Signoriello as Interim Chief Financial Officer (“CFO”) and Robert McCormack as Chief Legal Officer of the Company were terminated.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Legal Officer"}],"fact_type":"executive_change"},{"claim_id":"ffccb0e426","claim":"Scott Drake was terminated as Chief Executive Officer at ViewRay, Inc..","evidence_excerpt":"the employments of Scott Drake as Chief Executive Officer (“CEO”), Jake Signoriello as Interim Chief Financial Officer (“CFO”) and Robert McCormack as Chief Legal Officer of the Company were terminated.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1597313/000162828023024952/0001628280-23-024952-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}