secwatch.observer — SEC 8-K summary
======================================

Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0000950170-22-001802
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airgain enters $4.0M revolving credit facility with Silicon Valley Bank
-----------------------------------------------------------------------

- Revolving line of credit for $4.0M; interest rate WSJ prime (3.25%) + 1.75%.
- Maximum advances limited to 80% of eligible receivables; maturity Feb 2023.
- Lender holds first security interest in assets excluding IP (negative pledge).
- As of Feb 23, 2022, no balance drawn on the facility.
- Includes customary affirmative/negative covenants and material adverse change clause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022001802/0000950170-22-001802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022001802/airg-20220218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001802

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer