secwatch.observer — SEC 8-K summary
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Issuer:     Picard Medical, Inc. (PMI)
CIK:        0002030617
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001829126-26-003451
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/0001829126-26-003451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030617/000182912626003451/picardmedical_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-003451

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