ENERGY FOCUS, INC/DE (EFOI): debt financing — Energy Focus issues $200K promissory note to Jay Huang at 8% interest, due Sep 2023

ENERGY FOCUS, INC/DE

Principal $200,000; interest 8% per annum; matures September 6, 2023.
Note is prepayable in whole or in part at any time; default interest rate increases to 10%.
Lender is Jay Huang; note is non-transferable without company consent.
Obligation created under Item 2.03; proceeds used for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENERGY FOCUS, INC/DE incurred loan of $200,000 with Jay Huang at eight percent maturing nine months from the date of issuance.

Instrument: loan
Principal: $200,000
Counterparty: Jay Huang
Rate: eight percent
Maturity: nine months from the date of issuance
Event: incurrence

Exact text from the filing

On December 6, 2022, Energy Focus, Inc. (the “Company”) issued a short-term Promissory Note in favor of Jay Huang (the “Lender”) in the original principal amount of $200,000 (the “Note”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENERGY FOCUS, INC/DE entered into Promissory Note with Jay Huang valued at $200,000 (effective 2022-12-06).

Action: entry
Agreement: notes offering
Counterparty: Jay Huang
Value: $200,000
Effective: 2022-12-06

Exact text from the filing

On December 6, 2022, Energy Focus, Inc. (the “Company”) issued a short-term Promissory Note in favor of Jay Huang (the “Lender”) in the original principal amount of $200,000 (the “Note”).

View on SEC.gov

35 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000924168-22-000095

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