{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-014317","form_type":"8-K","ticker":"ISPR","cik":"0001948455","company_name":"Ispire Technology Inc.","filed_at":"2025-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.630972+00:00","generated_at":"2026-05-26T21:42:34.885314+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ispire Technology enters $20M secured loan facility with Avon River Ventures at 15.25% interest","bullets":["Up to $20M in three tranches: $5M first, $5M second, $10M third; first tranche matures Feb 2027.","Interest rate 15.25% fixed per annum; initial 3-month interest-only period per tranche.","Prepayment allowed with 3% premium; secured by accounts, inventory, IP, equity interests, real property.","Must maintain minimum unrestricted cash equal to 10% of loan balance; inventory collateral must cover outstanding.","Consulting agreement with Avon: up to $532k cash + $320k in stock for advisory services through Feb 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-014317","json":"https://secwatch.observer/filing/0001213900-25-014317.json","markdown":"https://secwatch.observer/filing/0001213900-25-014317.md","text":"https://secwatch.observer/filing/0001213900-25-014317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1948455/000121390025014317/0001213900-25-014317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1948455/000121390025014317/ea0231213-8k_ispire.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T21:42:34.885314+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"}