Section 1.01 Entering into a Material Definitive Agreement.
For services rendered in connection with the issuance and arrangement of the bridge loan, the Company has agreed to pay
The Lender is an affiliate of BRS, which is a Sales Agent under this Amended and Restated Sales Agreement, dated
The Credit Agreement imposes certain customary affirmative and negative covenants on the Company, as well as covenants that (i) prevent the Company and its subsidiaries from incurring additional indebtedness or incurring liens, subject to certain specified exceptions, (ii) restrict the declaration of any dividends or other distributions, subject to certain specified exceptions, and (iii) prevent the Company from engaging in certain corporate transactions or dispositions of assets, subject to certain specified exceptions. The loan agreement also includes events of default which are usual for these types of loan agreements.
The above summary of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan Agreement, a copy of which will be filed as an attachment to the Company’s Quarterly Report on Form 10-Q for the quarter ending
The representations, warranties and covenants contained in the loan agreement were made solely for the purposes of this agreement and on specific dates, were for the benefit of the parties to the loan agreement only and may be subject to limitations agreed by the parties. contracting parties. . Accordingly, the Loan Agreement is incorporated herein by reference only to provide investors with information regarding the terms of the Loan Agreement, and not to provide investors with other factual information regarding the Company or its business, and should be read in conjunction with disclosures in the Company’s periodic reports and other documents filed with the
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information included in item 1.01 of this current report on Form 8-K is incorporated herein by reference.
Section 9.01. Financial statements and supporting documents.
(d) Exhibits. 104 Cover Page interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).
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