Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.4
EMCORE CORP amended credit facility with Wingspire Capital LLC.
- Instrument
- credit facility
- Counterparty
- Wingspire Capital LLC
- Event
- amendment
Exact text from the filing
The disclosures regarding the Credit Agreement, the Appointment of Agent and Assignment of Financing Documents Agreement and the Forbearance Agreement set forth in Item 1.01 above are incorporated by reference into this Item 2.03.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
EMCORE CORP completed a disposition involving HieFo Corporation for $2.92 million in cash and assumption by the Buyer of the Assumed Liabilities (closed 2024-04-30).
- Action
- disposition
- Counterparty
- HieFo Corporation
- Consideration
- $2.92 million in cash and assumption by the Buyer of the Assumed Liabilities
- Closing
- 2024-04-30
Exact text from the filing
and inventory, including without limitation the Company’s indium phosphide wafer fabrication equipment (the “ Transaction ”), in consideration for a purchase price equal to $2.92 million in cash and assumption by the Buyer of the Assumed Liabilities (as defined in the Purchase Agreement), $1 million of which was previously received by the Company in connection
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EMCORE CORP entered into Assignment Agreement with Wingspire Capital LLC, HCP-FVU, LLC, HCP Fund V-FVU, LLC, Bessel Holdings LLC (effective 2024-04-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wingspire Capital LLC, HCP-FVU, LLC, HCP Fund V-FVU, LLC, Bessel Holdings LLC
- Effective
- 2024-04-29
Exact text from the filing
On April 29, 2024, Wingspire Capital LLC (“ Wingspire ”) as lender (the “ Prior Lender ”) under the Credit Agreement, dated August 9, 2022, by and among the Company, EMCORE Space & Navigation Corporation and EMCORE Chicago Inertial Corporation (individually and collectively referred to as the “ Borrowers ”), the Lenders from time to time party thereto and Wingspire, as Agent (the “ Prior Agent ”), as amended by the First Amendment to Credit Agreement, dated October 25, 2022, by and among the Borrower, the Lenders party thereto and Agent (the “ First Amendment ”) (as further amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “ Credit Agreement ”) and HCP-FVU, LLC, HCP Fund V-FVU, LLC and Bessel Holdings LLC (each an affiliate of Hale Capital Management, L.P. and collectively, “ Hale ” or “ New Lenders ”) and HCP-FVU, LLC as administrative agent for New Lenders, have entered into that certain Assignment Agreement dated as of April 29, 2
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EMCORE CORP entered into Asset Purchase Agreement with HieFo Corporation valued at $2.92 million in cash (effective 2024-04-30).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- HieFo Corporation
- Value
- $2.92 million in cash
- Effective
- 2024-04-30
Exact text from the filing
EMCORE Corporation (the " Company ") entered into an Asset Purchase Agreement (the " Purchase Agreement "), by and among the Company and HieFo Corporation, a Delaware corporation (the " Buyer "), pursuant to which the Company agreed to transfer to the Buyer substantially all of the assets primarily related to the Company’s non-core discontinued Chips business line
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