Guerrilla RF delays IPO and Nasdaq uplist; executives defer salaries for capital raise

Guerrilla RF, Inc.

Postpones IPO and Nasdaq uplist temporarily due to unfavorable market conditions; exploring other up-listing pathways.
Actively engaged with existing investors for multi-million-dollar investment; expects to secure in next few weeks.
Shipments milestone: 175 million RFICs/MMICs shipped, up 17% from 150 million in October 2022.
CEO defers 68%, COO 68%, CFO 52% of salaries under voluntary program for employee ownership in anticipated raise.
Entered into loan agreement amendment with Salem Investment Partners V to delay application of financial covenant.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Guerrilla RF, Inc. amended the Amendment with Salem Investment Partners V, Limited Partnership (effective 2023-06-30).

Action: amendment
Agreement: credit facility
Counterparty: Salem Investment Partners V, Limited Partnership
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, the Company entered into an amendment to its existing loan agreement with Salem Investment Partners V, Limited Partnership (the “Amendment”).

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Guerrilla RF, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-019244

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