{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-22-008924","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2022-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.458199+00:00","generated_at":"2026-06-23T22:40:55.544070+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CPI Aerostructures amends credit agreement, obtains covenant waivers for losses on welded products and employee costs","bullets":["Maximum leverage ratio for Q3 2022 raised to 5.0:1.0; Q4 2022 onward set at 4.0:1.0.","Lenders waived covenant non-compliance for up to $566,024 in welded product contract losses and $367,045 in inventory reserves.","Lenders waived non-compliance for up to $795,997 in accrued severance, COBRA costs and employer taxes.","Late delivery of FY2021, Q1 2022 and Q2 2022 financial statements waived; extended deadlines through August–October 2022.","Outstanding debt: $21.0M revolving loans, $2.63M term loan plus $250K amendment fee accruing interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-22-008924","json":"https://secwatch.observer/filing/0001387131-22-008924.json","markdown":"https://secwatch.observer/filing/0001387131-22-008924.md","text":"https://secwatch.observer/filing/0001387131-22-008924.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000138713122008924/0001387131-22-008924-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000138713122008924/cvua-8k_081922.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T22:40:55.544070+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"}