secwatch.observer — SEC 8-K summary
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Issuer:     MYOMO, INC. (MYO)
CIK:        0001369290
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001193125-24-179060
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myomo enters $4M revolving credit facility with Silicon Valley Bank
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- Revolver up to $4M (expandable to $5.5M); interest rate greater of 8.50% or prime + 0.50%.
- Facility secured by all assets except intellectual property; matures July 2026.
- Fees include $20K commitment fee, 0.50% anniversary fee, 0.50% unused line fee, and 1% termination fee.
- Proceeds for working capital and general business purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1369290/000119312524179060/0001193125-24-179060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1369290/000119312524179060/d871170d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-179060

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