---
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"
generated_at: "2026-05-16T16:40:55.127054+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Picard Medical Secures $1M Bridge Loan from Chairman Affiliate at 6% Interest

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-009479
- JSON: https://secwatch.observer/filing/0001829126-25-009479.json
- Plain text: https://secwatch.observer/filing/0001829126-25-009479.txt

## Key facts
- Debt Financings
  Picard Medical, Inc. incurred loan of $1,000,000 with Fang Family Fund, LLC at 6% per annum, compounded annually maturing November 27, 2026.
  - Instrument: loan
  - Principal: $1,000,000
  - Counterparty: Fang Family Fund, LLC
  - Rate: 6% per annum, compounded annually
  - Maturity: November 27, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2030617/000182912625009479/0001829126-25-009479-index.htm

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