---
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"
generated_at: "2026-05-15T09:14:55.655884+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FTC Solar obtains covenant waiver, amends credit agreement with $10M repayments and tighter covenants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.04, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-120582
- JSON: https://secwatch.observer/filing/0001193125-26-120582.json
- Plain text: https://secwatch.observer/filing/0001193125-26-120582.txt

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