secwatch.observer — SEC 8-K summary
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Issuer:     S&W Seed Co (—)
CIK:        0001477246
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000950170-22-020708
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

S&W Seed receives Nasdaq deficiency notice; amends loan agreements with CIBC and MFP
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- Nasdaq notified S&W Seed that bid price closed below $1.00 for 30 consecutive days; 180-day compliance period until May 1, 2023.
- CIBC revolving loan commitment increased from $18M to $21M; inventory sublimit raised from $9M to $12M.
- MFP increased letter of credit collateral from $9M to $12M and sub-loan capacity from $9M to $12M.
- MFP received warrant to purchase 166,700 shares at $1.60, expiring in 5 years; MFP is largest shareholder.
- Approximately $7.6M remained available under CIBC Loan Agreement as of October 28, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477246/000095017022020708/0000950170-22-020708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477246/000095017022020708/sanw-20221028.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020708

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