Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CYANOTECH CORP amended loan of increases the revolving amount that the Company may borrow from time to time under the Note from $500,000 to $1,000,000 with Skywords Family Foundation, Inc. maturing April 12, 2025.
- Instrument
- loan
- Principal
- increases the revolving amount that the Company may borrow from time to time under the Note from $500,000 to $1,000,000
- Counterparty
- Skywords Family Foundation, Inc.
- Maturity
- April 12, 2025
- Event
- amendment
Exact text from the filing
The Amendment increases the revolving amount that the Company may borrow from time to time under the Note from $500,000 to $1,000,000 and extends the maturity date to April 12, 2025.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CYANOTECH CORP amended First Amendment to Amended and Restated Promissory Note with Skywords Family Foundation, Inc. valued at $500,000 to $1,000,000 (effective 2022-12-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Skywords Family Foundation, Inc.
- Value
- $500,000 to $1,000,000
- Effective
- 2022-12-14
Exact text from the filing
On December 14, 2022, Cyanotech Corporation (the “Company”) entered into a First Amendment (the “Amendment”) to the Amended and Restated Promissory Note with Skywords Family Foundation, Inc. (“Skywords”), dated as of April 12, 2021 (the “Note”). The Amendment increases the revolving amount that the Company may borrow from time to time under the Note from $500,000 to $1,000,000 and extends the maturity date to April 12, 2025.
View on SEC.gov