Harvard Apparatus inks $300K bridge loan with CEO
Harvard Apparatus Regenerative Technology, Inc. entered into a related-party bridge loan with its Chairman and CEO, Junli He, for $300,000, documented in a Bridge Note bearing a fixed 8% annual interest rate.
Rhea-AI Filing Summary
Harvard Apparatus Regenerative Technology, Inc. entered into a related-party bridge loan with its Chairman and CEO, Junli He, for $300,000, documented in a Bridge Note bearing a fixed 8% annual interest rate.
The principal and accrued interest are 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 includes optional conversion at the lender’s discretion, covenants, and customary events of default such as failure to pay amounts due or comply with its terms.
Positive
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Negative
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8-K Event Classification
2 items: 1.02, 9.01
2 items
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Bridge loan principal: $300,000
Interest rate: 8% per year
Capital raise trigger: $5,000,000 gross proceeds
+1 more
4 metrics
Bridge loan principal
$300,000
Principal amount of Bridge Note with CEO Junli He
Interest rate
8% per year
Fixed annual interest on Bridge Note
Capital raise trigger
$5,000,000 gross proceeds
Threshold for earlier repayment of Bridge Note
Final maturity date
April 13, 2027
Latest due date for principal and accrued interest
Key Terms
Bridge Note, emerging growth company, events of default, covenants
4 terms
Bridge Note financial
"as evidenced by a Bridge Note executed by the Company in favor of, and accepted by, the Lender"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
events of default financial
"provides for certain events of default including if the Company fails to pay when due any amount owed thereunder"
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.
covenants financial
"The Bridge Note provides for optional conversion at the discretion of the Lender, contains covenants, and provides for certain events of default"
Covenants are rules written into loan or bond contracts that require a company to do or avoid certain things—like keeping debt below a set level or not selling key assets. They matter to investors because they protect lenders and influence a company’s flexibility: tight covenants can limit growth plans but lower default risk, while loose covenants give freedom but increase credit risk, similar to how household rules affect a family’s budget choices.
FAQ
What financing did Harvard Apparatus Regenerative Technology (HRGN) enter on April 13, 2026?
Harvard Apparatus Regenerative Technology entered a related-party bridge loan for $300,000 with its Chairman and CEO, Junli He. The loan is documented in a Bridge Note with fixed interest and specific repayment triggers.
What are the key terms of HRGN’s $300,000 Bridge Note with Junli He?
The Bridge Note has a principal amount of $300,000 and a fixed 8% annual interest rate. Principal and accrued interest are due upon a qualifying capital raise of at least $5,000,000 or on April 13, 2027, whichever occurs first.
When does the $300,000 Bridge Note for Harvard Apparatus Regenerative Technology mature?
The Bridge Note matures on the earlier of a capital raise that includes at least $5,000,000 in gross proceeds or April 13, 2027. At that time, all principal and accrued interest become fully due and payable.
Does the HRGN Bridge Note with the CEO include conversion features?
Yes. The Bridge Note provides for optional conversion at the discretion of the lender, Chairman and CEO Junli He. This allows the lender to convert amounts owed under the note instead of receiving only cash repayment.
What events of default are described in Harvard Apparatus Regenerative Technology’s Bridge Note?
The Bridge Note lists customary events of default, including failure to pay any amount when due and failure to comply with agreements, covenants, conditions, provisions, or terms in the note, along with other typical default provisions.
Who is the lender under Harvard Apparatus Regenerative Technology’s $300,000 Bridge Note?
The lender is Junli He, the company’s Chairman and Chief Executive Officer. The company executed the Bridge Note in his favor, making this a related-party financing between the issuer and its top executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
