secwatch.observer — SEC 8-K summary
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Issuer:     Exyn Technologies, Inc. (EXYN)
CIK:        0001960355
Form:       8-K
Filed at:   2026-06-19T01:08:25+00:00
Accession:  0001104659-26-075928
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exyn avoids default via $1.417M installment plan and 100K share issuance to Evergreen
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- Agreed to pay $1,417,164.99 in three monthly installments of $472,388.33 to avoid default under Second Amendment.
- Issued 100,000 additional common shares to Evergreen as consideration for 30-day resale registration filing extension.
- Evergreen withdrew demand letter for $1,417,165 and waived liquidated damages and default penalties.
- Side Letter requires Exyn to file resale registration statement covering all Evergreen securities within 30 days of IPO closing.
- Board of Directors approved Side Letter on May 17, 2026; IPO closing occurred on May 18, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1960355/000110465926075928/0001104659-26-075928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1960355/000110465926075928/tm2618314d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-075928

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