Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Guerrilla RF, Inc. incurred loan of $1.5 million with Salem Investment Partners V, Limited Partnership at 14.0% per annum maturing August 2027.
- Instrument
- loan
- Principal
- $1.5 million
- Counterparty
- Salem Investment Partners V, Limited Partnership
- Rate
- 14.0% per annum
- Maturity
- August 2027
- Event
- incurrence
Exact text from the filing
On August 14, 2023, Guerrilla RF, Inc. (the “Company”) drew down an additional $1.5 million (the “Additional Advance”) under its existing loan facility with Salem Investment Partners V, Limited Partnership (“Salem”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.85
Guerrilla RF, Inc. terminated Voluntary Salary Deferral Program with Guerrilla RF, Inc. valued at Terminated effective August 18, 2023 (effective 2023-08-18).
- Action
- termination
- Counterparty
- Guerrilla RF, Inc.
- Value
- Terminated effective August 18, 2023
- Effective
- 2023-08-18
Exact text from the filing
The Company’s voluntary salary deferral program, as more fully described in the Current Report on Form 8-K filed with the SEC on July 3, 2023, has been terminated, effective, August 18, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Guerrilla RF, Inc. amended Loan Agreement with Salem Investment Partners V, Limited Partnership valued at Additional advance of $1,500,000 at 14% interest, PIK, issuance of 400,000 shares, and closing fee o (effective 2023-08-14).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Salem Investment Partners V, Limited Partnership
- Value
- Additional advance of $1,500,000 at 14% interest, PIK, issuance of 400,000 shares, and closing fee o
- Effective
- 2023-08-14
Exact text from the filing
On August 14, 2023, Guerrilla RF, Inc. (the “Company”) drew down an additional $1.5 million (the “Additional Advance”) under its existing loan facility with Salem Investment Partners V, Limited Partnership (“Salem”). In connection with the additional draw, the Company executed a Promissory Note and entered into an Amendment to the existing Loan Agreement.
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