---
schema_version: "secwatch.filing_event.v1"
accession: "0000829323-23-000004"
form_type: "8-K"
ticker: "INUV"
cik: "0000829323"
company_name: "Inuvo, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:52:10.436152+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Inuvo amends credit facility; $5M line of credit at prime+1.75%

## Summary
- Borrowing base set at 80% of eligible accounts receivable; may increase to 85% if trailing 12-month dilution under 7%.
- Interest rate is WSJ Prime plus 1.75%; annual commitment fee of $10,000; quarterly unused line fee of 0.20%.
- Exit fee of $50,000 if repaid before Feb 28, 2024; $25,000 if repaid before Feb 28, 2025.
- Tangible net worth covenant: minimum $150,000 through Dec 31, 2023, then increases $150,000 per quarter.
- Amendment fee of $10,000 and documentation fee of $500 paid to Mitsubishi HC Capital.

## SEC filing metadata
- accession: 0000829323-23-000004
- form_type: 8-K
- ticker: INUV
- cik: 0000829323
- company_name: Inuvo, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829323/000082932323000004/0000829323-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829323/000082932323000004/inuv-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000829323-23-000004
- JSON: https://secwatch.observer/filing/0000829323-23-000004.json
- Plain text: https://secwatch.observer/filing/0000829323-23-000004.txt

## Key facts
- Material Agreements
  Inuvo, Inc. amended Agreement with Mitsubishi HC Capital America, Inc. valued at $5,000,000 line of credit commitment (effective 2023-03-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Mitsubishi HC Capital America, Inc.
  - Value: $5,000,000 line of credit commitment
  - Effective: 2023-03-01
  source text: On March 1, 2023, Inuvo, Inc. (“Inuvo”) entered into Amendment No. 1 to Loan and Security Agreement and Collateral Documents (hereinafter referred to, as amended, as the “Agreement”) with Mitsubishi HC Capital America, Inc., f/k/a/ Hitachi Capital America Corp. (“MHCA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000082932323000004/0000829323-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.