Procept Biorobotics Corporation
09/24/2026 | Press release | Distributed by Public on 09/24/2026 14:45
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On September 23, 2026, PROCEPT BioRobotics Corporation (the "Company") entered into a Third Amendment to Loan and Security Agreement (the "Third Amendment") with Canadian Imperial Bank of Commerce ("CIBC"), which amends the Loan and Security Agreement, dated as of October 6, 2022, by and between the Company and CIBC, as previously amended by the First Amendment to Loan and Security Agreement, dated as of June 1, 2023, and the Second Amendment to Loan and Security Agreement, dated as of August 6, 2025 (as amended, the "Loan Agreement").
The Third Amendment extends the Term Loan Maturity Date under the Loan Agreement by 12 months, from October 1, 2027 to October 1, 2028.
Other than as set forth above, the Loan Agreement remains in full force and effect and continues to be subject to the same affirmative covenants and negative covenants as previously disclosed.
The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
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