{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-120582","form_type":"8-K","ticker":"FTCI","cik":"0001828161","company_name":"FTC Solar, Inc.","filed_at":"2026-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.397491+00:00","generated_at":"2026-05-15T09:14:55.655884+00:00","sec_items":["1.01","2.04","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"confidence":"high","headline":"FTC Solar obtains covenant waiver, amends credit agreement with $10M repayments and tighter covenants","bullets":["Waiver for purchase order covenant breach in Q4 2025; covenant suspended until March 2027.","$19.9M term loan reclassified as long-term debt after waiver.","Mandatory principal repayments: $2.5M on March 23, $2.5M on May 22, $5M on Sept 30, 2026.","New minimum cash covenant: $15M at June 30, 2026, then $10M; quarterly revenue targets: $25M (Q2'26), $50M (Q3), $75M (Q4'26+).","EBITDA floor: $10M for 12 months ending Dec 2026, $25M thereafter; failure to pay triggers default."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-120582","json":"https://secwatch.observer/filing/0001193125-26-120582.json","markdown":"https://secwatch.observer/filing/0001193125-26-120582.md","text":"https://secwatch.observer/filing/0001193125-26-120582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828161/000119312526120582/0001193125-26-120582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828161/000119312526120582/d50621d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:14:55.655884+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}