Ceribell, Inc. — Form 10-Q

Ceribell, Inc. entered into a Credit, Security and Guaranty Agreement dated August 5, 2026 with MidCap Funding IV Trust (Agent) and lenders. The facility consists of: (1) Term Loans: $55M total ($30M Tranche 1, $25M Tranche 2, with Tranche 2 discretionary); (2) Revolving Credit: $20M base commitment, expandable to $30M via two $5M-$10M tranches if borrowing base and financial conditions are met. Interest rates: Term Loans at SOFR + 5.00%; Revolving at SOFR + 3.75%. Maturity: August 5, 2031. Security: first lien on substantially all assets including accounts receivable (85% advance rate) and inventory (40% advance rate). Borrowing base includes $20M floor through December 31, 2027. Financial covenants include minimum net revenue and unrestricted cash requirements, with testing triggered if total commitments exceed $35M.