---
schema_version: "secwatch.filing_event.v1"
accession: "0000928054-23-000192"
form_type: "8-K"
ticker: "FTK"
cik: "0000928054"
company_name: "FLOTEK INDUSTRIES INC/CN/"
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:44:25.450009+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flotek increases credit facility to $13.8M and regains NYSE minimum share price compliance

## Summary
- Revolving credit facility maximum increased from $10M to $13.8125M under First Amendment.
- Real estate pledged as collateral; 50% of appraised value available as sub-limit.
- Collateral management fee changed to 0.1% monthly on facility maximum (was average daily balance).
- NYSE notified company it regained compliance with $1.00 minimum share price over 30 trading days.
- If share price falls below $1 again, NYSE may immediately initiate suspension and delisting procedures.

## SEC filing metadata
- accession: 0000928054-23-000192
- form_type: 8-K
- ticker: FTK
- cik: 0000928054
- company_name: FLOTEK INDUSTRIES INC/CN/
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928054/000092805423000192/0000928054-23-000192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928054/000092805423000192/usgaap-20231005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000928054-23-000192
- JSON: https://secwatch.observer/filing/0000928054-23-000192.json
- Plain text: https://secwatch.observer/filing/0000928054-23-000192.txt

## Key facts
- Material Agreements
  FLOTEK INDUSTRIES INC/CN/ amended First Amendment with Amerisource Funding, Inc. valued at increase the aggregate Revolving Credit Facility Maximum from $10,000,000 to $13,812,500 (effective 2023-10-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Amerisource Funding, Inc.
  - Value: increase the aggregate Revolving Credit Facility Maximum from $10,000,000 to $13,812,500
  - Effective: 2023-10-05
  source text: On October 5, 2023, Flotek Industries, Inc. (the “Company”) entered into the First Amendment (the “First Amendment”) to that certain Revolving Loan and Security Agreement, dated August 14, 2023 (the “Loan Agreement”) with Flotek Chemistry, LLC and JP3 Measurement, LLC, wholly owned subsidiaries of the Company (collectively with the Company, the “Borrowers”), and Amerisource Funding, Inc. (“Amerisource”), as lender, to, among other things, increase the aggregate Revolving Credit Facility Maximum from $10,000,000 to $13,812,500.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928054/000092805423000192/0000928054-23-000192-index.htm

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