secwatch.observer — SEC 8-K summary
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Issuer:     Picard Medical, Inc. (PMI)
CIK:        0002030617
Form:       8-K
Filed at:   2026-05-11T21:08:14+00:00
Accession:  0001829126-26-004960
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Picard Medical raises $5M in public offering, receives NYSE American delisting notice for low equity
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- Gross proceeds of $5.0M from sale of ~16.7M shares (or pre-funded warrants) and Series A/B warrants at $0.30 per unit.
- Proceeds used for working capital and debt repayment; offering closed May 6, 2026.
- NYSE American notified stockholders' equity of $3.8M as of Dec 31, 2025 is below $4M threshold; PMI must submit compliance plan by June 7, 2026.
- Regain compliance deadline Nov 8, 2027; stock continues trading with '.BC' indicator.
- Company directors and officers subject to 30-day lock-up; 60-day company restriction on further issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030617/000182912626004960/0001829126-26-004960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030617/000182912626004960/picardmedical_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-004960

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