{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-125370","form_type":"8-K","ticker":null,"cik":"0001871149","company_name":"Real Good Food Company, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.034596+00:00","generated_at":"2026-06-03T04:44:18.578532+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Real Good Food extends debt maturities, obtains $2.6M equipment loan, and receives conditional waiver of defaults","bullets":["Extended Revolver and $90M Term Loan maturity from 2025 to Dec 31, 2026.","New $2.6M equipment loan for oven acquisition; interest at Prime minus 0.5% + 6.85% PIK, floor 8%.","Issued warrant to PMC for 4.9% of diluted equity at $0.01/share, exercisable from Dec 31, 2025.","Received conditional waiver of existing defaults; must achieve monthly EBITDA targets from June 2024 through Dec 2025.","Outstanding principal owed to PMC was $139.9M as of April 23, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-125370","json":"https://secwatch.observer/filing/0001193125-24-125370.json","markdown":"https://secwatch.observer/filing/0001193125-24-125370.md","text":"https://secwatch.observer/filing/0001193125-24-125370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/0001193125-24-125370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/d831077d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:44:18.578532+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":"4d2f49a962b6f8599b095dfb2d97d0a6dc859f9e","claim":"Real Good Food Company, Inc. incurred loan of up to $2.6 million with PMC Financial Services Group, LLC at 'Prime Rate' minus 0.5% plus PIK interest of 6.85% per annum maturing December 31, 2026.","evidence_excerpt":"The Amendment allows for an additional debt component related to the purchasing of equipment (the “Second Equipment Loan”), which allows for up to $2.6 million in borrowing, which can be drawn upon beginning on the date of this Amendment through June 11, 2024. The Maturity date of the Second Equipment Loan is the earlier of December 31, 2026, or the termination of this agreement. The Second Equipment Loan shall bear interest at an annual rate equal to (i) the “Prime Rate” currently in effect from time to time minus 0.5%, plus (ii) payable in kind (“PIK”) interest of 6.85% per annum.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/0001193125-24-125370-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $2.6 million"},{"label":"Counterparty","value":"PMC Financial Services Group, LLC"},{"label":"Rate","value":"'Prime Rate' minus 0.5% plus PIK interest of 6.85% per annum"},{"label":"Maturity","value":"December 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3c0788830e4c5de0bbbbc81395360313a3c15060","claim":"Real Good Food Company, Inc. amended Amendment to Amended and Restated Loan and Security Agreement with PMC Financial Services Group, LLC valued at Revised revolving credit facility maturity date extended to December 31, 2026; $90.0 million term lo (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Real Good Foods, LLC, a wholly owned subsidiary of The Real Good Food Company, Inc. (the “Company”), entered into an amendment (the “Amendment”) to its amended and restated Loan and Security Agreement with PMC Financial Services Group, LLC (“PMC”), dated June 30, 2016 (the “Existing Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/0001193125-24-125370-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PMC Financial Services Group, LLC"},{"label":"Value","value":"Revised revolving credit facility maturity date extended to December 31, 2026; $90.0 million term lo"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}