ENERGY FOCUS, INC/DE (EFOI): debt financing — Energy Focus issues $100K promissory note to Jay Huang at 8%, maturing Sept 2023

ENERGY FOCUS, INC/DE

Principal $100,000, 8% annual interest, due September 21, 2023.
Prepayment permitted in whole or in part at any time.
Default interest rate steps to 10%; holder may accelerate upon default.
Lender Jay Huang is a related party? Not specified in filing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ENERGY FOCUS, INC/DE incurred debt of original principal amount of $100,000 with Jay Huang at bears interest at an annual rate of eight percent maturing maturity date of nine months from the date of issuance.

Principal: original principal amount of $100,000
Counterparty: Jay Huang
Rate: bears interest at an annual rate of eight percent
Maturity: maturity date of nine months from the date of issuance
Event: incurrence

Exact text from the filing

Agreement . On December 21, 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 $100,000 (the “Note”). The following is a summary of certain terms of the Note and is subject to, and qualified in its entirety by, the Note in Exhibit 10.1 to this Current Report on Form

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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 $100,000 (effective 2022-12-21).

Action: entry
Agreement: notes offering
Counterparty: Jay Huang
Value: $100,000
Effective: 2022-12-21

Exact text from the filing

On December 21, 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 $100,000 (the “Note”).

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

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Source: SEC EDGAR

accession 0000924168-22-000100

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