secwatch.observer — SEC 8-K summary
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Issuer:     S&W Seed Co (—)
CIK:        0001477246
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0000950170-23-009233
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

S&W Seed enters $25M CIBC credit facility, amends MFP loan, issues warrant for 1.3M shares
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- New CIBC credit facility: up to $25M (Feb-Oct)/$18M (Nov-Jan), matures Aug 31, 2024; replaces prior loan.
- MFP Amendment raises cash advances to $13M, increases LC fee from 3.50% to 4.25% per annum.
- MFP receives warrant to purchase 1.3M shares at $2.15, expires March 2028.
- Warrant is unregistered, exempt under Section 4(a)(2) and Rule 506; MFP is largest shareholder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477246/000095017023009233/0000950170-23-009233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477246/000095017023009233/sanw-20230322.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009233

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