Hyperfine, Inc.

On March 18, 2026 (the “Loan Closing Date”), the Company entered into a Loan and Security Agreement (the “Loan Agreement”) with Horizon Technology Finance Management LLC (the “Lender”), providing for a senior secured term loan facility in an aggregate principal amount of up to $40.0 million (collectively, the “Term Loans”), with $15.0 million funded on the Loan Closing Date. The remaining $25.0 million of the Term Loans may be borrowed under the Loan Agreement prior to December 31, 2027, subject to the satisfaction of certain conditions set forth in the Loan Agreement.

Borrowings under the Loan Agreement accrue interest at a rate equal to the prime rate plus 4.25%, subject to a prime rate floor of 6.50%. The Term Loans are payable in monthly interest-only payments for a period of 48 months from the Loan Closing Date, followed by twelve equal monthly installments of principal plus accrued interest until maturity. If the Company satisfies the Interest Only Extension Milestone (as defined in the Loan Agreement), the Term Loans will be repayable in monthly interest only payments through the maturity date, which is March 18, 2031.

In connection with the Loan Agreement, the Company issued to the Lender (i) warrants to purchase up to an aggregate of 562,500 shares(the “Initial Warrants”) of Class A common stock and (ii) warrants to purchase up to an aggregate of 520,835 shares (the “Additional Warrants”) of Class A common stock, in each case at an exercise price of $1.20 per share. The Initial Warrants are immediately exercisable and will expire seven years from the Loan Closing Date. The Additional Warrants are contingent on and only exercisable following additional funding of the Term Loans as set forth in the applicable form of warrant, and will expire seven years from the Loan Closing Date.