secwatch.observer — SEC 8-K summary
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Issuer:     IMMUCELL CORP /DE/ (ICCC)
CIK:        0000811641
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001213900-23-058672
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ImmuCell enters into $3M in credit facilities with Gorham Savings Bank and FAME for working capital
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- $2M term note from Gorham Savings Bank at 7% fixed, monthly payments, 3-year term, 7-year amortization.
- $1M term note from Finance Authority of Maine at 8% fixed, monthly payments, 3-year term, 7-year amortization.
- Facilities secured by mortgages and security interests on substantially all company assets.
- Proceeds used to provide additional working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811641/000121390023058672/0001213900-23-058672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811641/000121390023058672/ea182107-8k_immucell.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-058672

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