secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001079973-24-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex extends credit facility maturity to December 2025, $2.5M drawn
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- Maturity of revolving and supplemental notes extended from Dec 2024 to Dec 29, 2025.
- $2.5M drawn on revolving note; $0 drawn on supplemental note as of Dec 29, 2023.
- Interest rate: greater of 5.0% or SOFR + 2.5%; default rate increases by 3%.
- Supplemental note available for acquisitions and share repurchases.
- Amendment adds arbitration clause and standard representations/warranties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000107997324000007/0001079973-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000107997324000007/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000007

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