secwatch / observer
8-K filed March 10, 2023, 6:59 PM ET CIK 0000811212
debt confidence high sentiment neutral materiality 0.60

ThermoGenesis extends Boyalife debt maturity to Dec 31, 2023; adds interest to principal, adopts bylaw amendment

ThermoGenesis Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ThermoGenesis Holdings, Inc.: Added provision requiring two-thirds director approval for change of control, bankruptcy, or amendment of the vote requirement (effective 2023-03-06).

Change
bylaw amendment
Effective
2023-03-06
Exact text from the filing
On March 6, 2023, the Board of Directors (the “Board”) of the Company approved and adopted an amendment to the Company’s Amended and Restated Bylaws (effective November 1, 2019), as amended, to add a provision requiring the approval of two-thirds of the directors then in office in order for the Company to (i) enter into a transaction that would constitute a “Change of Control” (as defined in the Amendment), (ii) file a voluntary petition in bankruptcy, or (iii) amend or repeal the foregoing two-thirds vote requirements (the “Amendment”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ThermoGenesis Holdings, Inc. amended Amendment No. 3 to First Amended and Restated Revolving Credit Agreement with Boyalife Group Inc. valued at Termination Date changed to December 31, 2023 (effective 2023-03-06).

Action
amendment
Agreement
credit facility
Counterparty
Boyalife Group Inc.
Value
Termination Date changed to December 31, 2023
Effective
2023-03-06
Exact text from the filing
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement. On March 6, 2023, ThermoGenesis Holdings, Inc. (the “Company”) entered into an Amendment No. 2 (the “Amendment to Note”) to its Second Amended and Restated Convertible Promissory Note with Boyalife Group Inc. (the “Note”), and an Amendment No. 3 (the “Amendment to Credit Agreement”) to its First Amended and Restated Revolving Credit Agreement with Boyalife Group Inc. (the “Credit Agreement”). The Amendment to Note amends and extends the maturity date of the Note from March 6, 2023 to December 31, 2023, and provides that interest accrued and unpaid as of March 6, 2023 will be added to the principal balance of the Note, resulting in an outstanding principal balance of $7,277,965 as of March 6, 2023. The Amendment to Credit Agreement amen
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ThermoGenesis Holdings, Inc. amended Amendment No. 2 to Second Amended and Restated Convertible Promissory Note with Boyalife Group Inc. valued at Maturity date extended to December 31, 2023; accrued and unpaid interest added to principal, resulti (effective 2023-03-06).

Action
amendment
Agreement
notes offering
Counterparty
Boyalife Group Inc.
Value
Maturity date extended to December 31, 2023; accrued and unpaid interest added to principal, resulti
Effective
2023-03-06
Exact text from the filing
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement. On March 6, 2023, ThermoGenesis Holdings, Inc. (the “Company”) entered into an Amendment No. 2 (the “Amendment to Note”) to its Second Amended and Restated Convertible Promissory Note with Boyalife Group Inc. (the “Note”), and an Amendment No. 3 (the “Amendment to Credit Agreement”) to its First Amended and Restated Revolving Credit Agreement with Boyalife Group Inc. (the “Credit Agreement”). The Amendment to Note amends and extends the maturity date of the Note from March 6, 2023 to December 31, 2023, and provides that interest accrued and unpaid as of March 6, 2023 will be added to the principal balance of the Note, resulting in an outstanding principal balance of $7,277,965 as of March 6, 2023. The Amendment to Credit Agreement amen
View on SEC.gov

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Source: SEC EDGAR
accession 0001437749-23-006038
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