secwatch.observer — SEC 8-K summary
======================================

Issuer:     Guerrilla RF, Inc. (GUER)
CIK:        0001832487
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001437749-22-014371
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guerrilla RF enters $3M secured credit facility with SPECTRUM; terminates prior factoring
--------------------------------------------------------------------------------

- AR credit line up to $3M at 85% of eligible accounts receivable; equipment loan up to $500k at 75% of cost; inventory loan up to $350k.
- Interest: WSJ prime + 3.5% (floor 7.0%); 24-month term; secured by first-priority liens on substantially all assets.
- Prior factoring arrangement terminated; no advances outstanding as of March 31 and June 1, 2022.
- Prepayment fee required if Company terminates early or upon default; facility may renew automatically with 60-day notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832487/000143774922014371/0001437749-22-014371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832487/000143774922014371/guer20220525_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-014371

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