{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-009479","form_type":"8-K","ticker":"PMI","cik":"0002030617","company_name":"Picard Medical, Inc.","filed_at":"2025-11-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.390524+00:00","generated_at":"2026-05-16T16:40:55.127054+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Picard Medical Secures $1M Bridge Loan from Chairman Affiliate at 6% Interest","bullets":["$1M unsecured promissory note issued to Fang Family Fund, LLC, an affiliate of Chairman Richard Fang.","Interest at 6% per annum, compounded annually; maturity November 27, 2026.","Proceeds for general corporate purposes, including working capital and liquidity management.","Mandatory prepayment if company raises $10M+ in equity financing; prepayable anytime without penalty.","Transaction approved by disinterested Audit Committee and Board as fair to the company."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-009479","json":"https://secwatch.observer/filing/0001829126-25-009479.json","markdown":"https://secwatch.observer/filing/0001829126-25-009479.md","text":"https://secwatch.observer/filing/0001829126-25-009479.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625009479/0001829126-25-009479-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625009479/picardmedical_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T16:40:55.127054+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":"480ebf1a5d125054a1f4fc954a5cc0d5193e9ec0","claim":"Picard Medical, Inc. incurred loan of $1,000,000 with Fang Family Fund, LLC at 6% per annum, compounded annually maturing November 27, 2026.","evidence_excerpt":"On November 26, 2025 (the \" Effective Date \"), Picard Medical, Inc., a Delaware corporation (the \" Company \") entered into a short-term bridge financing in the form of an unsecured promissory note (the \" Note \") with Fang Family Fund, LLC (\" FFF I \"), an affiliate of Mr. Richard Fang, the Chairman of the Company’s Board of Directors (the \" Board \"), pursuant to which FFF I agreed to lend the Company an aggregate principal amount of $1,000,000 (the \" Principal Amount \").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2030617/000182912625009479/0001829126-25-009479-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"Fang Family Fund, LLC"},{"label":"Rate","value":"6% per annum, compounded annually"},{"label":"Maturity","value":"November 27, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}