---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-021615"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2022-06-02T23:59:59+00:00"
generated_at: "2026-06-25T05:13:16.510948+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FTC Solar amends credit facility, reduces minimum liquidity covenant to $50M through March 2023

## Summary
- Minimum liquidity covenant lowered from $125M to $50M until March 31, 2023; company currently meets the $50M threshold.
- If liquidity condition not met, additional monthly covenants: asset coverage ratio >=1.10:1.00 and net cash payments to third parties capped at $50M.
- Until March 31, 2023, company restricted from incurring new debt (except credit facility or permitted unsecured debt) and from paying dividends.
- Consent fee of 0.150% of each lender's revolving commitment paid for this amendment.

## SEC filing metadata
- accession: 0001140361-22-021615
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2022-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000114036122021615/0001140361-22-021615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000114036122021615/brhc10038426_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-021615
- JSON: https://secwatch.observer/filing/0001140361-22-021615.json
- Plain text: https://secwatch.observer/filing/0001140361-22-021615.txt

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