secwatch.observer — SEC 8-K summary
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Issuer:     MIND TECHNOLOGY, INC (MIND)
CIK:        0000926423
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001437749-23-002795
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MIND Technology secures $3.75M loan from Sachem Capital at 12.9% interest, due Feb 2024
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- Loan agreement with Sachem Capital Corp. for $3.75M principal, due February 1, 2024.
- Interest rate 12.9% per annum, prepaid through maturity; origination fee of $240,000 paid.
- Loan secured by mortgages on certain real estate owned by MIND Technology and Klein Marine Systems.
- Loan may be prepaid at any time without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926423/000143774923002795/0001437749-23-002795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926423/000143774923002795/mind20230206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002795

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