Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Applied UV, Inc. incurred loan of $772,500 with Cedar Advance LLC at 28% maturing 40 weeks.
- Instrument
- loan
- Principal
- $772,500
- Counterparty
- Cedar Advance LLC
- Rate
- 28%
- Maturity
- 40 weeks
- Event
- incurrence
Exact text from the filing
On March 10, 2024, Applied UV, Inc. (the “Company”), SteriLumen, Inc. and MunnWorks, LLC (together with SteriLumen, Inc., the “Subsidiaries”) entered into a Business Loan and Security Agreement (the “Loan Agreement”) with Cedar Advance LLC (the “Lender”) pursuant to which the Company borrowed $772,500 (the “Loan Amount”) from the Lender, for general corporate purposes, including working capital in order to facilitate further growth, at an annual interest rate of 28%, which includes broker’s fees and origination charges, for a term of a total of 40 weeks.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Applied UV, Inc. entered into Business Loan and Security Agreement with Cedar Advance LLC valued at $772,500 (effective 2024-03-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Cedar Advance LLC
- Value
- $772,500
- Effective
- 2024-03-10
Exact text from the filing
On March 10, 2024, Applied UV, Inc. (the “Company”), SteriLumen, Inc. and MunnWorks, LLC (together with SteriLumen, Inc., the “Subsidiaries”) entered into a Business Loan and Security Agreement (the “Loan Agreement”) with Cedar Advance LLC (the “Lender”) pursuant to which the Company borrowed $772,500 (the “Loan Amount”) from the Lender
View on SEC.gov