secwatch.observer — SEC 8-K summary
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Issuer:     AvePoint, Inc. (AVPT)
CIK:        0001777921
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001437749-21-024759
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvePoint amends HSBC credit facility; removes parent guarantee, no economic changes
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- Second Amendment to Loan and Security Agreement removes Holdings as limited guarantor; terminates Pledge Agreement and Limited Guaranty.
- Revolving line remains at $30M with $20M accordion feature; interest at LIBOR+3.5%, unused fee 0.5%.
- No outstanding balance under the revolver; no penalty associated with the termination of guarantees.
- Maturity unchanged at April 7, 2023; substantive economic terms not amended.
- Company in compliance with all covenants; proceeds used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777921/000143774921024759/0001437749-21-024759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777921/000143774921024759/avpt20211028_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer