PROCEPT BioRobotics extends loan maturity to 2028

The amendment moves the term loan's maturity to October 1, 2028, while keeping the previously disclosed affirmative and negative covenants in place.

Rhea-AI Filing Summary

PROCEPT BioRobotics Corp. (PRCT) entered into a third amendment to its Loan and Security Agreement with Canadian Imperial Bank of Commerce, extending the term loan maturity date by 12 months, from October 1, 2027 to October 1, 2028. The agreement otherwise remains in full force and effect and continues to be subject to the same affirmative and negative covenants previously disclosed.

8-K Event Classification

2 items: 1.01, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Maturity extension: 12 months Prior term loan maturity date: October 1, 2027 Amended term loan maturity date: October 1, 2028

3 metrics

Maturity extension 12 months Term loan maturity date extension

Prior term loan maturity date October 1, 2027 Date before the amendment

Amended term loan maturity date October 1, 2028 Date under the Third Amendment

Key Terms

Term Loan Maturity Date, Loan and Security Agreement, affirmative covenants, negative covenants

4 terms

Term Loan Maturity Date financial

"extends the Term Loan Maturity Date under the Loan Agreement"

Loan and Security Agreement financial

"Third Amendment to Loan and Security Agreement"

A loan and security agreement is a legal contract that sets out the amount, repayment schedule, interest and the rules a borrower must follow, and it names specific assets a lender can claim if the borrower fails to pay. Think of it like a mortgage or car loan where the lender holds a claim on collateral until the debt is repaid. Investors care because it determines a company’s repayment priorities, borrowing costs, operational limits and how easily creditors can seize assets in distress, all of which affect equity value and credit risk.

affirmative covenants financial

"same affirmative covenants"

negative covenants financial

"same ... negative covenants"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does PRCT's term loan mature after the amendment?

PRCT’s term loan maturity date is October 1, 2028, after a 12-month extension from October 1, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/24/2026 - 04:45 PM Accepted by SEC EDGAR 09/24/2026 - 04:44 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 23, 2026

PROCEPT BIOROBOTICS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-40797

26-0199180

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification Number)

150 Baytech Drive

San Jose, California 95134

(Address of principal executive offices, including Zip Code)

Registrant’s telephone number, including area code: (650) 232-7200

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.00001 par value per share

PRCT

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.						Description
10.1						Third Amendment to Loan and Security Agreement, by and between Canadian Imperial Bank of Commerce and the Registrant, dated as of September 23, 2026.
104						Cover Page Interactive Data File, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						PROCEPT BIOROBOTICS CORPORATION
Date: September 24, 2026						By:			/s/ Alaleh Nouri
									Alaleh Nouri
									EVP, Chief Legal Officer and Secretary

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 20.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB