TG-17, Inc. 8-K

What Happened TG-17, Inc. (OBAI) announced on February 17, 2026 that it issued a Promissory Note to Ascent Partners Fund, LLC with a principal amount of $526,315.79 (issued at a 5% original issue discount for a $500,000 purchase price). The Note bears interest at 10% per year, requires monthly interest payments (due the first day of each month), and matures on June 30, 2026. The Note and its full terms are filed as Exhibit 10.1 to the 8-K.

Key Details

• Principal: $526,315.79; purchase price: $500,000 (5% original issue discount).
• Interest rate: 10% per annum; monthly accrued interest payments due on the 1st of each month.
• Maturity date: June 30, 2026. Company must apply net proceeds of any future securities offerings toward paying the Note until it is paid in full.
• Default terms: default interest rate of 24% per annum, 10% late fee on late payments; events of default include missed payments, covenant breaches, a default on other indebtedness over $150,000, and a change in control.

Why It Matters This filing documents new short-term debt that increases the company’s near-term obligations and places a lien on future offering proceeds (they must be used to pay this Note until satisfied). The interest and heavy default penalties (24% default rate and a 10% late fee) raise the potential cost of this borrowing if the company misses payments. Investors should note the short maturity (June 30, 2026) and monitor TG-17’s liquidity, cash flow, and any subsequent financings or disclosures about repayment.