Precipio, Inc. announced that it has repaid the $1.1 million advance it received from Change Healthcare and that all of its outstanding financial warrants have now been exercised, leaving the company with only a modest $80,000 loan from the Connecticut Department of Economic and Community Development.
The advance from Change Healthcare was a short‑term liability that had been on Precipio’s books since the February 2024 cyberattack that disrupted the clearinghouse’s services. By repaying the advance in early January 2026, Precipio removed a liability that had been tied to a significant external event, improving its balance‑sheet liquidity and reducing exposure to future clearinghouse disruptions.
All warrants issued in the 2023 financing round have been exercised. The majority were exercised in the normal manner, while the remaining warrants were exercised cash‑less to limit shareholder dilution. The only remaining warrant is a $10,000 vendor warrant that expires in February 2027, which does not materially affect the company’s capital structure.
The company’s remaining debt is an $80,000 loan from the Connecticut DECD, amortized at $3,000 per month with a 3.25% interest rate and scheduled for full repayment by May 2028. This small, short‑term obligation is easily serviceable and represents a negligible risk to the company’s financial health.
CEO Ilan Danieli said the cleanup “continues to reduce the financial risk to Precipio shareholders” and that the company remains focused on executing its growth strategy, increasing profit margins, and creating sustained shareholder value. The debt repayment and warrant exercise therefore strengthen Precipio’s balance sheet and position it to pursue organic expansion without the need for additional capital raises.
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