FreightCar America issues warrant for 5% of fully-diluted shares at $0.01 strike after loan default

FreightCar America, Inc.

Failed to repay $16M additional term loan by March 31, 2022 deadline.
Issued warrant on April 4, 2022 to affiliate CO Finance LVS VI LLC.
Warrant covers 5% of fully-diluted common stock at $0.01 per share, ten-year term.
Entered registration rights agreement granting piggyback and demand registration rights.
Warrant issued under Section 4(a)(2) private placement exemption.

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