secwatch.observer — SEC 8-K summary
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Issuer:     INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM)
CIK:        0001355839
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001213900-25-032588
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IPM enters $1M secured revolving credit facility with Newtek Bank, maturing April 2026
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- Revolving line of credit up to $1,000,000, secured by substantially all assets of IPM and its subsidiary Intelligent Protection LLC.
- Maturity date April 10, 2026; interest rate set at Newtek Bank's index plus 2% margin, with a 6.07% floor.
- Barry Sloane, a director of IPM, is CEO of Newtek Bank and NewtekOne; transaction is a related-party arrangement.
- No amounts drawn under the facility as of the filing date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355839/000121390025032588/0001213900-25-032588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355839/000121390025032588/ea0238487-8k_intelligent.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-032588

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