Hyperion DeFi, Inc.: repays $8,600,000 under loan agreement

What happened

• Hyperion DeFi, Inc. reported that on Sep 28, 2026 it voluntarily repaid in full all outstanding obligations under the Loan and Security Agreement with Avenue Capital Management II, L.P., Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P. The aggregate payoff amount was approximately $8,600,000. The repayment terminated the Loan Agreement and all related loan documents, released all liens and security interests, and did not incur any early termination penalties. The repayment was funded with proceeds from the sale of HYPE tokens.
• The company announced that as of Sep 30, 2026 it had approximately $14,500,000 in cash, cash equivalents and USDC stablecoin; this figure is preliminary, unaudited and subject to closing procedures.

Key details

• Loan Agreement provided for term loans in an aggregate principal amount of up to $15,000,000, to be delivered in multiple tranches.
• Aggregate payoff amount: approximately $8,600,000, paid on Sep 28, 2026; no early termination penalties were incurred.
• Cash position reported: approximately $14,500,000 in cash, cash equivalents and USDC stablecoin as of Sep 30, 2026 (preliminary unaudited).
• The company issued a press release on Oct 2, 2026 announcing these matters and furnished it as Exhibit 99.1.

Why it may matter

• This filing reports Item 1.02 (termination of a material definitive agreement) and Item 2.02 (results of operations and financial condition), and includes Regulation FD disclosure under Item 7.01 and other events under Item 8.01. Item 1.02 covers the repayment and termination of the Loan Agreement and related documents; Item 2.02 covers the preliminary cash, cash equivalents and USDC stablecoin balance as of Sep 30, 2026. This filing does not show why the insider traded or why the company acted.