secwatch.observer — SEC 8-K summary
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Issuer:     Guerrilla RF, Inc. (GUER)
CIK:        0001832487
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001437749-22-020811
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guerrilla RF secures up to $8M loan facility from Salem Investment Partners at 13% interest
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- Initial advance of $5M, with up to $3M additional at Salem's discretion over 12 months.
- Interest at 13% per annum (11% cash, 2% paid-in-kind); 5-year term, due August 2027.
- Loan secured by second-priority lien on substantially all assets; includes customary covenants.
- Company issued Salem 150,000 shares of common stock; up to 150,000 more on additional advances.
- Proceeds used to repay $150k EIDL loan plus accrued interest of $12k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832487/000143774922020811/0001437749-22-020811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832487/000143774922020811/guer20220816b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020811

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