secwatch.observer — SEC 8-K summary
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Issuer:     Armlogi Holding Corp. (BTOC)
CIK:        0001972529
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0001213900-25-052129
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Armlogi enters forbearance agreement after Floor Price Event on convertible notes; cash payments $3.03M
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- Company acknowledged VWAP below floor price of $1.1880 for 5 trading days, triggering Amortization Event on $6.8M outstanding notes.
- Agreed to three cash payments of $1,010,000 each on June 6, July 16, Aug 15, 2025; total $3.03M.
- Investor forbears through Aug 31, defers amortization, limits conversions to >$1.80/share, reduces Payment Premium from 10% to 1%.
- Outstanding principal before payments: Note 1 $2.75M, Note 2 $4.05M as of June 6, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1972529/000121390025052129/0001213900-25-052129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1972529/000121390025052129/ea024502501-8k_armlogi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-052129

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