{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-003736","form_type":"8-K","ticker":"TPCS","cik":"0001328792","company_name":"TECHPRECISION CORP","filed_at":"2026-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.824908+00:00","generated_at":"2026-05-16T10:19:41.765753+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TechPrecision extends revolver maturity to May 2026; acknowledges ongoing covenant defaults","bullets":["Revolver line of credit maturity extended from Jan 16, 2026 to May 15, 2026; maximum principal $4.5M.","Borrowers acknowledged existing defaults: failure to meet debt service coverage ratio for 8 periods and balance sheet leverage for 7 periods.","Lender Beacon Bank reserves all rights, including acceleration and default interest, despite the amendment.","Borrowers paid a $7,500 modification fee and all reasonable legal expenses of the lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-003736","json":"https://secwatch.observer/filing/0001104659-26-003736.json","markdown":"https://secwatch.observer/filing/0001104659-26-003736.md","text":"https://secwatch.observer/filing/0001104659-26-003736.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1328792/000110465926003736/0001104659-26-003736-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1328792/000110465926003736/tm263125d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:19:41.765753+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":"30841121f8c39007eac507425c390eef6a375fdd","claim":"TECHPRECISION CORP amended Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note with Beacon Bank & Trust (successor by merger to Berkshire Bank) valued at Extension of maturity date of Revolver Loan from January 16, 2026 to May 15, 2026 (effective 2026-01-12).","evidence_excerpt":"On January 12, 2026, Ranor and the other Borrowers entered into a Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”) with Beacon Bank & Trust, successor by merger to Berkshire Bank (“ Beacon ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1328792/000110465926003736/0001104659-26-003736-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Beacon Bank & Trust (successor by merger to Berkshire Bank)"},{"label":"Value","value":"Extension of maturity date of Revolver Loan from January 16, 2026 to May 15, 2026"},{"label":"Effective","value":"2026-01-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}