---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-054379"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:12:54.508503+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MiT lends $300K to Five Agency, gets 5% equity in SNDBX, and exclusive supply deal

## Summary
- On April 25, 2023, MiT loaned $150K initially, with another $150K contingent on conditions, to The Five Agency to form SNDBX.
- MiT receives 5% equity stake in SNDBX; loan carries 10% annual interest, principal due May 2026.
- Second $150K loan requires exclusive supply agreement for >$3M in equipment systems by April 30, 2026.
- MiT co-owns equipment patents with Five Agency; MiT becomes sole owner if patent rights transferred.

## SEC filing metadata
- accession: 0001104659-23-054379
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000110465923054379/0001104659-23-054379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000110465923054379/tm2314305d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-054379
- JSON: https://secwatch.observer/filing/0001104659-23-054379.json
- Plain text: https://secwatch.observer/filing/0001104659-23-054379.txt

## Key facts
- Material Agreements
  MOVING iMAGE TECHNOLOGIES INC. entered into Letter Agreement with The Five Agency, LLC valued at $300,000.00 (effective 2023-04-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: The Five Agency, LLC
  - Value: $300,000.00
  - Effective: 2023-04-25
  source text: On April 25, 2023, Moving iMage Technologies, Inc. (the “Company” or “MiT”) entered into a Letter Agreement, subject to definitive agreements, with The Five Agency, LLC (“The Five Agency”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923054379/0001104659-23-054379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.