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AI brief of an SEC Form 8-K · CODEXIS, INC. (CDXS)

Codexis funds $42.5 million term loan, repays $43.6 million Innovatus debt

Neutral Impact 3 of 5 financing

On November 5, 2026, Codexis and its subsidiary entered a Loan and Security Agreement with Trinity Capital Inc. as agent, providing up to $60.0 million in term loans, of which $42.5 million was funded at closing. The company used that loan and cash on hand to repay its Innovatus loan in full, and issued lender warrants for up to 1,666,668 shares of common stock, which would increase the share count if exercised.

Key points

  • Tranche A term loan of $42.5 million funded November 5, 2026; up to $60.0 million available in total across three tranches
  • Interest at the greater of 10.50% or a variable rate tied to prime plus 3.75%; interest-only until November 1, 2030; maturity November 1, 2031
  • Repaid the Innovatus Loan Agreement in full for an aggregate of approximately $43.6 million
  • Lender warrants for up to 1,666,668 shares at $1.08 per share, expiring November 5, 2036; loans secured by substantially all assets

The filing

CompanyCODEXIS, INC. (CDXS)
Form8-K, current report
Filed with the SECNov 10, 2026, 7:33 AM ET
Accession number0001193125-26-454447

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 10, 2026, 7:45 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.