FLOTEK INDUSTRIES INC/CN/
Extracted from this filing and checked against the source text.
FLOTEK INDUSTRIES INC/CN/ amended loan of $387,723.31 with PNC Bank, National Association at 1% per annum maturing 18 months.
The remaining outstanding principal amount of the loan of $387,723.31 has been converted to a term loan amortizing over 18 months and bearing interest at 1% per annum, payable in accordance with the terms of the Paycheck Protection Program Term NoteView on SEC.gov
FLOTEK INDUSTRIES INC/CN/ amended Paycheck Protection Program Term Note with PNC Bank, National Association valued at forgiven $4,400,376.69 in principal and $121,621.52 in interest (effective 2023-01-10).
On January 10, 2023, Flotek Industries, Inc. (the “Company”) received notification from PNC Bank, National Association (“PNC”) that the U.S. Small Business Administration had forgiven $4,400,376.69 in principal and $121,621.52 in interest of the Company’s Paycheck Protection Program Loan. The remaining outstanding principal amount of the loan of $387,723.31 has been converted to a term loan amortizing over 18 months and bearing interest at 1% per annum, payable in accordance with the terms of the Paycheck Protection Program Term Note, dated April 16, 2020, in favor of PNC Bank, National Association (the “PPP Note”)View on SEC.gov
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