---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-007057"
form_type: "8-K"
ticker: "PMI"
cik: "0002030617"
company_name: "Picard Medical, Inc."
filed_at: "2025-09-04T23:59:59+00:00"
generated_at: "2026-05-17T08:22:40.869911+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Picard Medical prices $17M IPO at $4/share; commences trading on NYSE American under PMI

## Summary
- 4,250,000 shares sold at $4.00 for $17M gross proceeds; over-allotment option for 637,500 additional shares.
- Proceeds to support China JV, R&D on fully implantable Emperor heart, and debt repayment.
- Shares commenced trading on NYSE American on Aug 29, 2025 under ticker 'PMI'.
- Underwriting Agreement with WestPark Capital as lead manager; firm commitment basis.

## SEC filing metadata
- accession: 0001829126-25-007057
- form_type: 8-K
- ticker: PMI
- cik: 0002030617
- company_name: Picard Medical, Inc.
- filed_at: 2025-09-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/0001829126-25-007057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/picardmedical_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-007057
- JSON: https://secwatch.observer/filing/0001829126-25-007057.json
- Plain text: https://secwatch.observer/filing/0001829126-25-007057.txt

## Key facts
- Governance Changes
  Picard Medical, Inc.: Amended and Restated Bylaws were adopted and became effective (effective 2025-08-28).
  - Change: bylaw amendment
  - Effective: 2025-08-28
  source text: On August 28, 2025, the Company’s Amended and Restated Bylaws (the “ A&R Bylaws ”), in substantially the form previously filed as Exhibit 3.6 to the Registration Statement, were adopted by the Company and became effective.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/0001829126-25-007057-index.htm
- Governance Changes
  Picard Medical, Inc.: Second Amended and Restated Certificate of Incorporation became effective (effective 2025-08-28).
  - Change: charter amendment
  - Effective: 2025-08-28
  source text: On August 28, 2025, the Company’s Second Amended and Restated Certificate of Incorporation (the “ Second A&R Charter ”), in substantially the form previously filed as Exhibit 3.5 to the Registration Statement was filed with the Secretary of State of the State of Delaware and became effective.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030617/000182912625007057/0001829126-25-007057-index.htm

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