{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-277512","form_type":"8-K","ticker":null,"cik":"0001391127","company_name":"Edgio, Inc.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.837791+00:00","generated_at":"2026-06-08T02:11:32.891206+00:00","sec_items":["1.01","2.02","2.03","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Edgio gets $66M new capital, exchanges 95% of existing notes; Q3 rev $97M; guided to breakeven Adj. EBITDA in Q4","bullets":["Q3 revenue $97.0M (+1.3% QoQ, –12.4% YoY); GAAP gross margin 23.9%; Adj. EBITDA loss $9.5M (improved from –$13.4M Q2).","Receives $66M new financing from Lynrock; exchanges $118.9M of 3.50% 2025 notes for new 3.5%/16% PIK secured notes due 2027 at $1.46 conversion price.","Senior secured term loan of $79.5M from Lynrock at same rate, maturing Nov 2027; proceeds to repurchase remaining existing notes.","Q4 guidance: revenue $96–98M, Adj. EBITDA –$1M to +$1M. FY2023 rev $391–393M, Adj. EBITDA –$38 to –$36M.","Record Applications bookings up >150% QoQ; revenue churn down 24% from Q4 2022; Board reduced to five with two new independent directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-277512","json":"https://secwatch.observer/filing/0001193125-23-277512.json","markdown":"https://secwatch.observer/filing/0001193125-23-277512.md","text":"https://secwatch.observer/filing/0001193125-23-277512.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/d850446d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:11:32.891206+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":"17296227bac1a2b493ecdb023bcad59b51df091c","claim":"Edgio, Inc. incurred senior notes of $118,870,000 in aggregate principal amount at maturity with Lynrock Lake Master Fund LP at 3.5% cash / 16% PIK maturing November 14, 2027.","evidence_excerpt":"the Company issued Lynrock $118,870,000 in aggregate principal amount at maturity of the Company's new (3.5% cash / 16% PIK) Senior Secured Convertible Notes due 2027","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$118,870,000 in aggregate principal amount at maturity"},{"label":"Counterparty","value":"Lynrock Lake Master Fund LP"},{"label":"Rate","value":"3.5% cash / 16% PIK"},{"label":"Maturity","value":"November 14, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"aad196d20e60b41c443e82b0a9027c7893de50b0","claim":"Edgio, Inc. reported the third quarter ended September 30, 2023 results: revenue $97.0 million.","evidence_excerpt":"shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Edgio Reports Third Quarter 2023 Results Q3 2023 Revenue of $97.0 Million Record Applications Bookings in 3Q 2023, Up More Than 150%, Sequentially Reiterate Expectation of Breakeven Adjusted EBITDA in 4Q 2023 Receives $66 Million and Exchanges 95% of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$97.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c015a9dc11533e6ef12ee9ff06f9db57ddef7585","claim":"Edgio, Inc. entered into Indenture with U.S. Bank National Association valued at $118,870,000 (effective 2023-11-14).","evidence_excerpt":"On November 14, 2023, Edgio, Inc. (the “Company” or “we”) entered into a private exchange with Lynrock Lake Master Fund LP (“Lynrock”), holding an aggregate of $118,870,000 in principal amount of the Company’s outstanding 3.50% Convertible Senior Notes due 2025 (the “Existing Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Value","value":"$118,870,000"},{"label":"Effective","value":"2023-11-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}