secwatch.observer — SEC 8-K summary
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Issuer:     ZeroFox Holdings, Inc. (—)
CIK:        0001823575
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0000950170-23-014131
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZeroFox closes LookingGlass acquisition; amends Stifel loan to $22.5M, extends maturity to 2025
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- Completed acquisition of LookingGlass Cyber Solutions on April 21, 2023 (announced April 17).
- Stifel loan facility increased to $22.5M; borrowed additional $7.5M; maturity extended to June 30, 2025.
- New liquidity covenant: cash at Stifel plus 50% of trade receivables to debt ratio >=1.5; minimum $17.5M unrestricted cash at Stifel.
- Issued warrant to Stifel Bank for 128,676 shares at $1.36/share, expiring April 21, 2033.
- Renewed HQ lease (with related party, CEO James Foster) for 3 years; base rent $27,083/month with 3% annual increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823575/000095017023014131/0000950170-23-014131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823575/000095017023014131/zfox-20230421.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014131

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