secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000950170-23-023979
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America issues 85,412 Series C Preferred shares and warrants to purchase 1.6M common shares at $3.57
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- Issued 85,412 shares of Series C Preferred Stock and warrants for 1,636,313 common shares at $3.57 exercise price.
- Securities sold to OC III LFE II LP under Rule 506 exemption; warrant has 10-year term.
- Amendment No. 2 to Reimbursement Agreement modifies terms of $25M standby letter of credit from Wells Fargo.
- Dividend and repurchase restrictions placed on common stock under Series C Certificate of Designation.
- Warrants include net exercise and automatic exercise on change of control or expiration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023023979/0000950170-23-023979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000095017023023979/rail-20230519.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-023979

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