{"filing":{"accession_number":"0001437749-26-033423","cik":"0002030617","ticker":"PMI","company_name":"Picard Medical, Inc.","form":"8-K","filing_date":"2026-10-23","report_date":"2026-10-20","primary_document":"pmi20261022_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2030617/000143774926033423/pmi20261022_8k.htm"},"events":[{"id":37671,"run_id":34716,"accession_number":"0001437749-26-033423","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Picard Medical entered into a Warrant Amendment and Exchange Agreement on October 20, 2026, whereby warrant holders surrendered warrants exercisable for 8,187,766 shares in exchange for 200,000 shares of common stock issued under Section 3(a)(9) exemption. This unregistered equity issuance represents a material dilutive capital event affecting the company's share count and ownership structure.","company_name":"Picard Medical, Inc.","ticker":"PMI","filing_date":"2026-10-23","form":"8-K","submitted_at":null,"items":[{"id":42455,"accession_number":"0001437749-26-033423","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Picard Medical entered into a Warrant Amendment and Exchange Agreement on October 20, 2026, whereby warrant holders surrender warrants previously exercisable for 8,187,766 shares in exchange for 200,000 shares of common stock. This is a dilutive equity issuance—the company is issuing new shares (200,000 Exchange Shares) to settle warrant obligations without cash consideration. Although the warrant surrender reduces potential future dilution, the immediate issuance of 200,000 shares represents a material dilutive capital event requiring disclosure under Item 1.01 and consistent with private placement equity settlements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-23T20:54:16.029445+00:00","company_name":"","ticker":null,"filing_date":""},{"id":42456,"accession_number":"0001437749-26-033423","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses an unregistered issuance of 200,000 equity securities (Exchange Shares) to Warrant Holders in exchange for Warrants, relying on Section 3(a)(9) exemption. This is a classic dilutive equity issuance that increases share count without cash proceeds to the company. The exchange of warrants for shares is a material capital event affecting ownership structure and shareholder dilution.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-23T20:54:16.029445+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":42455,"accession_number":"0001437749-26-033423","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Picard Medical entered into a Warrant Amendment and Exchange Agreement on October 20, 2026, whereby warrant holders surrender warrants previously exercisable for 8,187,766 shares in exchange for 200,000 shares of common stock. This is a dilutive equity issuance—the company is issuing new shares (200,000 Exchange Shares) to settle warrant obligations without cash consideration. Although the warrant surrender reduces potential future dilution, the immediate issuance of 200,000 shares represents a material dilutive capital event requiring disclosure under Item 1.01 and consistent with private placement equity settlements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-23T20:54:16.029445+00:00","company_name":"Picard Medical, Inc.","ticker":"PMI","filing_date":"2026-10-23"},{"id":42456,"accession_number":"0001437749-26-033423","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses an unregistered issuance of 200,000 equity securities (Exchange Shares) to Warrant Holders in exchange for Warrants, relying on Section 3(a)(9) exemption. This is a classic dilutive equity issuance that increases share count without cash proceeds to the company. The exchange of warrants for shares is a material capital event affecting ownership structure and shareholder dilution.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-23T20:54:16.029445+00:00","company_name":"Picard Medical, Inc.","ticker":"PMI","filing_date":"2026-10-23"}]}