{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-005680","form_type":"8-K","ticker":"JYNT","cik":"0001612630","company_name":"JOINT Corp","filed_at":"2023-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.555203+00:00","generated_at":"2026-06-10T21:09:25.095482+00:00","sec_items":["2.04"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"JPMorgan grants temporary waiver of default under $20M revolver until Sept 30 for late Q2 10-Q filing","bullets":["Default triggered by failure to timely file Q2 2023 10-Q; JPMorgan waived until Sept 30, 2023.","Outstanding $2M principal plus $36,150 interest on senior secured revolver; no other covenant breach.","If not cured by Sept 30, credit facility may accelerate, interest rate rise 2%.","Company holds $14.8M unrestricted cash as of Aug 31, 2023, sufficient to cover outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-005680","json":"https://secwatch.observer/filing/0001171843-23-005680.json","markdown":"https://secwatch.observer/filing/0001171843-23-005680.md","text":"https://secwatch.observer/filing/0001171843-23-005680.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1612630/000117184323005680/0001171843-23-005680-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1612630/000117184323005680/f8k_091223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:09:25.095482+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":"31b8e6b632053e199618e63016708c4d14363e40","claim":"JOINT Corp amended revolving credit of $20,000,000 with JPMorgan Chase Bank, N.A. at increase the rate of interest applicable to the outstanding loans and other obli maturing 2027-02-28.","evidence_excerpt":"10-Q on or before September 30, 2023, will constitute an immediate default. Under the Credit Agreement, the Company’s senior secured revolving line of credit (the “Revolver”) is $20,000,000, the portion of the Revolver available for letters of credit is $5,000,000 and the uncommitted additional line of credit is $30,000,000 (collectively, the “2022 Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1612630/000117184323005680/0001171843-23-005680-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$20,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"increase the rate of interest applicable to the outstanding loans and other obli"},{"label":"Maturity","value":"2027-02-28"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}