secwatch.observer — SEC 8-K summary
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Issuer:     KORU Medical Systems, Inc. (KRMD)
CIK:        0000704440
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001161697-25-000140
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORU Medical amends loan agreement, extends credit facility maturity to Dec 2026
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- Amendment extends $5M revolving credit facility maturity to Dec 31, 2026; term loan interest-only period to Oct 1, 2026.
- Adjusted Quick Ratio covenant reduced from 1.50:1.00 to 1.25:1.00; company has not drawn on facility.
- Amendment with HSBC Ventures USA Inc. effective March 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704440/000116169725000140/0001161697-25-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704440/000116169725000140/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-25-000140

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