{"schema_version":"secwatch.filing_event.v1","accession":"0000897101-23-000540","form_type":"8-K","ticker":"ELMD","cik":"0001488917","company_name":"Electromed, Inc.","filed_at":"2023-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.221687+00:00","generated_at":"2026-06-07T11:50:19.293610+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Electromed renews $2.5M revolving credit facility with Choice Financial Group through Dec 2025","bullets":["Revolving line of credit renewed at $2,500,000, maturing December 18, 2025 (extended 2 years).","Borrowing base limited to 57% of eligible accounts receivable; interest at prime minus 1.00%, no floor.","Rider adds 5-day grace on payment defaults, $1M materiality threshold for cross-defaults.","Loan remains secured by substantially all tangible and intangible assets of the company."],"urls":{"canonical":"https://secwatch.observer/filing/0000897101-23-000540","json":"https://secwatch.observer/filing/0000897101-23-000540.json","markdown":"https://secwatch.observer/filing/0000897101-23-000540.md","text":"https://secwatch.observer/filing/0000897101-23-000540.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1488917/000089710123000540/0000897101-23-000540-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1488917/000089710123000540/elmd231252_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:50:19.293610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"27ebaaddb8f8408e28e7d0c18055437184bf7653","claim":"Electromed, Inc. amended revolving credit of $2,500,000 with Choice Financial Group at prime rate less 1.00% maturing December 18, 2025.","evidence_excerpt":"On December 13, 2023, Electromed, Inc. (the \"Company\") renewed its $2,500,000 revolving line of credit with Choice Financial Group pursuant to a supplemental rider to the existing Business Loan Agreement (Asset Based) dated December 18, 2019. The rider provides that the line of credit will be extended for an additional two years and is now scheduled to mature on December 18, 2025. Interest on borrowings on the line of credit, if any, will remain at prime rate less 1.00%, with no interest rate floor and payable monthly.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1488917/000089710123000540/0000897101-23-000540-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2,500,000"},{"label":"Counterparty","value":"Choice Financial Group"},{"label":"Rate","value":"prime rate less 1.00%"},{"label":"Maturity","value":"December 18, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"6bc022d4f44b56a97a3bf859082abfb908bc389d","claim":"Electromed, Inc. amended Business Loan Agreement (Asset Based) with Choice Financial Group valued at $2,500,000 (effective 2023-12-13).","evidence_excerpt":"On December 13, 2023, Electromed, Inc. (the \"Company\") renewed its $2,500,000 revolving line of credit with Choice Financial Group pursuant to a supplemental rider to the existing Business Loan Agreement (Asset Based) dated December 18, 2019.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1488917/000089710123000540/0000897101-23-000540-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Choice Financial Group"},{"label":"Value","value":"$2,500,000"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}