secwatch.observer — SEC 8-K summary
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Issuer:     ELUTIA INC. (ELUT)
CIK:        0001708527
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001104659-22-122474
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aziyo Biologics extends minimum liquidity step-up date under $25M credit agreement to Dec 16, 2022
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- Amendment moves the minimum liquidity step-up date from November 21, 2022 to December 16, 2022.
- Credit agreement provides $25M senior secured term loans (including $4M conditional on metrics).
- Company must maintain $5.0M minimum liquidity until step-up date; thereafter greater of $5.0M or prior two quarters' operating burn.
- Borrower represented no default or event of default exists as of the amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922122474/0001104659-22-122474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708527/000110465922122474/tm2231343d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-122474

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