{"schema_version":"secwatch.filing_event.v1","accession":"0001420720-23-000054","form_type":"8-K","ticker":"IBIO","cik":"0001420720","company_name":"iBio, Inc.","filed_at":"2023-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.012765+00:00","generated_at":"2026-06-10T02:09:17.203135+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"iBio amends credit agreement to access $2M from reserve; reduces cash covenant to $0","bullets":["Seventh Amendment allows iBio CDMO to withdraw up to $1M immediately with $2M min balance; then $750k after Oct 16 with $1.25M min; then $250k after Nov 13 with $1M min.","Fifth Amendment to Guaranty reduces iBio's unrestricted cash liquidity covenant from $1M to $0.","iBio to pay Woodforest $20k fee upon earlier of Purchase Agreement closing or Maturity Date.","Amendments provide iBio increased cash flexibility while maintaining reserve until full repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001420720-23-000054","json":"https://secwatch.observer/filing/0001420720-23-000054.json","markdown":"https://secwatch.observer/filing/0001420720-23-000054.md","text":"https://secwatch.observer/filing/0001420720-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1420720/000142072023000054/0001420720-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1420720/000142072023000054/ibio-20231004x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T02:09:17.203135+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":[{"claim_id":"c273586e95bc120e7a6524db0a44705be84db29c","claim":"iBio, Inc. amended Seventh Amendment to the Credit Agreement with Woodforest National Bank valued at Withdrawal of up to $1,000,000 on Oct 4, 2023 (minimum balance $2,000,000 until Oct 16); additional (effective 2023-10-04).","evidence_excerpt":"On October 4, 2023, iBio CDMO LLC (“Borrower”), a wholly owned subsidiary of iBio, Inc. (the “Company”) and Woodforest National Bank (“Woodforest”) entered into the Seventh Amendment to the Credit Agreement, which was entered into on November 1, 2021, as previously amended as of October 11, 2022, February 9, 2023, February 20, 2023, March 24, 2023, May 10, 2023 and September 18, 2023 (the “Credit Agreement”), which amendment among other things, permits the Company, in each case, so long as no Potential Default or Default (as such terms are defined in the Credit Agreement) to make the following withdrawals from the Reserve Funds Deposit Account (as defined in the Credit Agreement): (i) up to $1,000,000 on October 4, 2023 so long as Borrower maintains a minimum balance of $2,000,000 until October 16, 2023, (ii) up to an additional $750,000 after October 16, 2023 so long as Borrower maintains a minimum balance of $1,250,000 until November 13, 2023, and (iii) up to an additional $250,000 a","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1420720/000142072023000054/0001420720-23-000054-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Woodforest National Bank"},{"label":"Value","value":"Withdrawal of up to $1,000,000 on Oct 4, 2023 (minimum balance $2,000,000 until Oct 16); additional"},{"label":"Effective","value":"2023-10-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}