secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0000950170-22-005407
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017022005407/0000950170-22-005407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017022005407/rail-20220404.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-005407

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