Insider Bridge Note funds Harvard Apparatus (OTCQB: HRGN) with $300,000 loan
Rhea-AI Filing Summary
Harvard Apparatus Regenerative Technology, Inc. entered into a loan arrangement on April 13, 2026, under which Chairman and Chief Executive Officer Junli He agreed to provide the company with a $300,000 Bridge Note. The note carries a fixed annual interest rate of 8% and includes covenants and customary events of default.
The principal and accrued interest become due on the earlier of the company’s next capital raise with at least $5,000,000 in gross proceeds or April 13, 2027. The Bridge Note allows optional conversion at the lender’s discretion. This report also corrects a prior classification error, re-reporting the loan as an Item 1.01 entry into a material definitive agreement rather than a termination under Item 1.02.
Positive
- None.
Negative
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Filing Explained
This amendment corrects the filing classification without changing the disclosed
Sources and calculations
- Form 8-K/A — Harvard Apparatus Regenerative Technology, Inc. Amends Material Event Report (2026-08-03)
- Harvard Apparatus Regenerative Technology, Inc. 2026 first-quarter fundamentals (2026-03-31)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $419,000 / ($937,000 / 90) = [object Object]
8-K Event Classification
4 items: 1.01, 1.02, 2.03, 9.01
4 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Bridge Note principal: $300,000
Interest rate: 8% per annum
Capital raise repayment threshold: $5,000,000
+3 more
6 metrics
Bridge Note principal
$300,000
Aggregate amount loaned by Junli He to the company under the Bridge Note
Interest rate
8% per annum
Fixed annual interest rate on the Bridge Note
Capital raise repayment threshold
$5,000,000
Gross proceeds of next capital raise that can trigger earlier repayment
Note date
April 13, 2026
Date the company entered into the loan arrangement with Junli He
Latest maturity date
April 13, 2027
Latest date when principal and accrued interest are due if no qualifying capital raise occurs
Exhibit number
10.1
Bridge Note filed as an exhibit to the report
Key Terms
Bridge Note, material definitive agreement, events of default, optional conversion, +1 more
5 terms
Bridge Note financial
"an aggregate amount of $300,000 as evidenced by a Bridge Note executed"
material definitive agreement regulatory
"a new material definitive agreement and should have been reported under Item 1.01"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
events of default financial
"provides for certain events of default including if the Company fails to pay"
Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.
optional conversion financial
"The Bridge Note provides for optional conversion at the discretion of the Lender"
capital raise financial
"the Company’s next capital raise that includes gross proceeds of at least $5,000,000"
A capital raise is when a company brings in new money from investors or lenders by selling shares, debt, or other securities to fund operations, growth projects, or to pay liabilities. It matters to investors because it changes the company’s financial picture—adding cash that can enable expansion or avoid trouble, but also potentially reducing each existing owner’s share or increasing the company’s debt load, similar to putting fuel in a car to keep it running while changing who shares the ride or who pays for repairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What loan agreement did HRGN enter into on April 13, 2026?
Harvard Apparatus Regenerative Technology (HRGN) entered into a Bridge Note for $300,000 with its Chairman and CEO, Junli He. The arrangement provides short-term funding through a note bearing 8% annual interest and includes covenants and customary default provisions.
What are the key repayment terms of HRGN’s $300,000 Bridge Note?
The $300,000 Bridge Note is due, with accrued interest, on the earlier of a future capital raise with at least $5,000,000 in gross proceeds or April 13, 2027. This structure ties repayment to either financing success or a fixed maturity date.
Who is the lender under Harvard Apparatus (HRGN)’s Bridge Note?
The lender is Junli He, who serves as Chairman and Chief Executive Officer of Harvard Apparatus Regenerative Technology. He agreed to loan the company $300,000 under the Bridge Note, creating a financing arrangement directly with the company’s top executive.
Does HRGN’s Bridge Note include an option to convert the debt?
Yes. The Bridge Note provides for optional conversion at the discretion of the lender, Junli He. Specific conversion terms are not detailed here, but the feature allows the lender to elect conversion rather than simple cash repayment in certain circumstances.
What correction does the 8-K/A amendment for HRGN make?
The amendment reclassifies the Bridge Note disclosure as an Item 1.01 Entry into a Material Definitive Agreement instead of an Item 1.02 termination. It restates the earlier report so that the insider loan is presented under the correct disclosure item.
How does HRGN’s Bridge Note define events of default?
Events of default include failure to pay amounts when due, failure to comply with any agreement, covenant, condition, provision or term in the note, and other customary events of default. These conditions give the lender remedies if the company breaches the note.