---
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"
generated_at: "2026-06-10T21:09:25.095482+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JPMorgan grants temporary waiver of default under $20M revolver until Sept 30 for late Q2 10-Q filing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005680
- JSON: https://secwatch.observer/filing/0001171843-23-005680.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005680.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $20,000,000
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: increase the rate of interest applicable to the outstanding loans and other obli
  - Maturity: 2027-02-28
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1612630/000117184323005680/0001171843-23-005680-index.htm

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