---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-003451"
form_type: "8-K"
ticker: "PMI"
cik: "0002030617"
company_name: "Picard Medical, Inc."
filed_at: "2026-04-13T23:59:59+00:00"
generated_at: "2026-05-15T06:37:53.062865+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Picard Medical closes $500K convertible note with Quick Capital; 80K origination shares issued

## Summary
- Issued convertible note with $555,556 principal; funded $500,000 after $55,556 OID; cash received $490,000 after expenses.
- Note bears 12% one-time interest ($66,667); matures 9 months; repayable in 6 monthly installments of $103,704 starting July 1, 2026.
- Issued 80,128 origination shares (15% of note value) as additional consideration.
- Upon default, note accelerates at 150% and convertible at 75% of lowest prior 10-day trading price, subject to 4.99% ownership limit.
- Until note is satisfied, Company cannot pay dividends or make distributions without Buyer's consent.

## SEC filing metadata
- accession: 0001829126-26-003451
- form_type: 8-K
- ticker: PMI
- cik: 0002030617
- company_name: Picard Medical, Inc.
- filed_at: 2026-04-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/0001829126-26-003451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/picardmedical_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-003451
- JSON: https://secwatch.observer/filing/0001829126-26-003451.json
- Plain text: https://secwatch.observer/filing/0001829126-26-003451.txt

## Source-grounded claims
- claim_id: 0c6fa2ee86e9906e299a221bf60809b1f23e413d
  claim: Picard Medical, Inc. incurred convertible notes of $555,555.56 with Quick Capital, LLC at twelve percent maturing nine (9) months from the Issue Date.
  evidence_excerpt: On April 7, 2026, Picard Medical, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Quick Capital, LLC, a Wyoming limited liability company (the “Buyer”), an accredited investor, for the issuance and sale of a convertible promissory note in the principal face amount of $555,555.56 (the “Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/0001829126-26-003451-index.htm
- claim_id: c51d15f7f82f88d07ab66d0d8c65df7efac86786
  claim: Picard Medical, Inc. entered into Purchase Agreement with Quick Capital, LLC valued at $555,555.56 (effective 2026-04-07).
  evidence_excerpt: On April 7, 2026, Picard Medical, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Quick Capital, LLC, a Wyoming limited liability company (the “Buyer”), an accredited investor, for the issuance and sale of a convertible promissory note in the principal face amount of $555,555.56
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/0001829126-26-003451-index.htm

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