secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDTHINKING, INC. (SSTI)
CIK:        0001351636
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0000950170-23-044146
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

SoundThinking borrows $7M under Umpqua Bank revolver to fund SafePointe acquisition
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- Borrowed $7.0 million on August 17, 2023 under Credit Agreement with Umpqua Bank.
- Proceeds partially fund acquisition of SafePointe LLC, an intelligent weapons detection provider.
- Total revolver commitment is $25.0 million; $18.0 million remains undrawn after the draw.
- Interest options: base rate (greater of prime or SOFR+1.0%) or term SOFR plus 2.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1351636/000095017023044146/0000950170-23-044146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1351636/000095017023044146/ssti-20230817.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-044146

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