---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024047"
form_type: "8-K"
ticker: "GUER"
cik: "0001832487"
company_name: "Guerrilla RF, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:52:31.702688+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Guerrilla RF draws additional $1.5M under existing loan at 14% PIK; issues 400k shares to lender

## Summary
- Drew $1.5M additional advance under Salem loan facility; 14% interest, PIK until August 2027 maturity.
- Paid $45k closing fee and issued 400,000 shares of common stock to Salem as partial consideration.
- Voluntary salary deferral program terminated effective August 18, 2023.

## SEC filing metadata
- accession: 0001437749-23-024047
- form_type: 8-K
- ticker: GUER
- cik: 0001832487
- company_name: Guerrilla RF, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832487/000143774923024047/0001437749-23-024047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832487/000143774923024047/guer20230815_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024047
- JSON: https://secwatch.observer/filing/0001437749-23-024047.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024047.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774923024047/0001437749-23-024047-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774923024047/0001437749-23-024047-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774923024047/0001437749-23-024047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.