---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-005407"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2022-04-06T23:59:59+00:00"
generated_at: "2026-06-26T09:03:37.213865+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-005407
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2022-04-06T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017022005407/0000950170-22-005407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017022005407/rail-20220404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-005407
- JSON: https://secwatch.observer/filing/0000950170-22-005407.json
- Plain text: https://secwatch.observer/filing/0000950170-22-005407.txt

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