{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-015821","form_type":"8-K","ticker":null,"cik":"0000720875","company_name":"DYNATRONICS CORP","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.499462+00:00","generated_at":"2026-06-12T06:39:43.004438+00:00","sec_items":["1.01","2.03","3.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Dynatronics enters $7.5M asset-based credit facility with Gibraltar Business Capital","bullets":["Loan and Security Agreement with Gibraltar Business Capital provides up to $7.5M revolving credit facility.","Borrowings bear interest at SOFR plus 5.00%; maturity is three years from note date.","Facility secured by first-priority lien on substantially all assets, including AR, inventory, and IP.","Proceeds will fund working capital needs and general corporate purposes, per press release on August 4, 2023.","Financial covenants include maximum monthly leverage ratio of 1.0:1.0 if availability below $1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-015821","json":"https://secwatch.observer/filing/0001062993-23-015821.json","markdown":"https://secwatch.observer/filing/0001062993-23-015821.md","text":"https://secwatch.observer/filing/0001062993-23-015821.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720875/000106299323015821/0001062993-23-015821-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720875/000106299323015821/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:39:43.004438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"abb63da8274276cd4688a7722349295243c3bc44","claim":"DYNATRONICS CORP incurred revolving credit of $7,500,000 with Gibraltar Business Capital, LLC at SOFR plus 5.00% maturing three years from the date of the promissory note.","evidence_excerpt":"used for operating capital. Amounts available under the Loan Agreement (the \"Revolving Loans\") will be subject to a borrowing base calculation of up to a maximum availability of $7,500,000 (the \"Revolving Loan Commitment\") and will bear interest at SOFR plus 5.00%. The Company paid a closing fee of 1.00% of the Revolving Loan Commitment and the line is subject to a","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720875/000106299323015821/0001062993-23-015821-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$7,500,000"},{"label":"Counterparty","value":"Gibraltar Business Capital, LLC"},{"label":"Rate","value":"SOFR plus 5.00%"},{"label":"Maturity","value":"three years from the date of the promissory note"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"400899bceb5c8fcd3f7e94a69f45c1ccf2ed39ac","claim":"DYNATRONICS CORP entered into Loan and Security Agreement with Gibraltar Business Capital, LLC valued at up to a maximum availability of $7,500,000 (effective 2023-08-01).","evidence_excerpt":"entered into a Loan and Security Agreement (the \"Loan Agreement\") with Gibraltar Business Capital, LLC (\"Lender\"), to provide asset-based financing to the Company to be used for operating capital. Amounts available under the Loan Agreement (the \"Revolving Loans\") will be subject to a borrowing base calculation of up to a maximum availability of $7,500,000 (the \"Revolving Loan Commitment\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720875/000106299323015821/0001062993-23-015821-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Gibraltar Business Capital, LLC"},{"label":"Value","value":"up to a maximum availability of $7,500,000"},{"label":"Effective","value":"2023-08-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}