secwatch.observer — SEC 8-K summary
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Issuer:     Synergy CHC Corp. (SNYR)
CIK:        0001562733
Form:       8-K
Filed at:   2026-03-25T23:59:59+00:00
Accession:  0001213900-26-034072
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synergy CHC amends credit agreement, adds EBITDA covenant, issues 3M-share warrant at $0.00001
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- Amortization revised: $175k quarterly payments in Q3/Q4 2026, $525k Jan 2027, then $350k quarterly.
- Interest step-up: if less than $10M equity raised by Sep 30, 2026, Applicable Margin increases 2% from Oct 1, 2026.
- New EBITDA covenant: min $500k Q2 2026, $1M Q3 2026; max senior net leverage 20:1 for Dec 2025.
- Issued 3M-share warrant to lender at $0.00001/sh, exercisable only upon qualified default; 19.9% limit until approval.
- Mandatory prepayment: first $6M equity proceeds retained, next $4M apply to term loan, excess above $10M subject to prepayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562733/000121390026034072/0001213900-26-034072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562733/000121390026034072/ea0283223-8k_synergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-034072

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