{"url_path":"/sec/btai/8-k/2026-08-11/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 ****Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1720893/0001104659-26-093710-index.html","accession_number":"0001104659-26-093710","cik":"0001720893","ticker":"BTAI","issuer_name":"BioXcel Therapeutics, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1720893/0001104659-26-093710-index.html","primary_entity_key":"0001720893","primary_entity_name":"BioXcel Therapeutics, Inc."},"word_count":226,"has_tables":true,"body_markdown":"**Item 1.01****Entry into a Material Definitive Agreement.**\n\n \n\nOn August 10, 2026, BioXcel Therapeutics, Inc.\n(the “Company”) entered into the Twelfth Amendment to Credit Agreement and Guaranty and First Amendment to Security Agreement\n(the “Twelfth Amendment”), which amended the Credit Agreement and Guaranty, dated April 19, 2022, as amended (the “Credit\nAgreement”), by and among the Company, as the borrower, certain subsidiaries of the Company from time to time party thereto as subsidiary\nguarantors, the lenders party thereto (the “Lenders”), and Oaktree Fund Administration LLC, as administrative agent.\n\n \n\nPursuant to the Twelfth Amendment, the\nCompany is required to, on or prior to August 21, 2026 (extended from August 10, 2026, as was required under the Eleventh\nAmendment), enter into definitive agreements with respect to one or more transactions acceptable to Lenders that (A) would result in\nthe repayment of all loan and other obligations under the Credit Agreement or (B) is an alternative capital solutions transaction on\nterms and conditions acceptable to the Lenders.\n\n \n\nPursuant to the Twelfth Amendment, the Lenders\nalso agreed to reduce the Credit Agreement’s minimum liquidity covenant to require minimum cash liquidity of $3.0 million (instead\nof $6.25 million, as under the Eleventh Amendment). \n\n \n\nThe foregoing summary of the Twelfth Amendment\nis qualified in its entirety by the complete text of such agreement, a copy of which is filed hereto as Exhibits 10.1."}