QuickLogic expands credit facility to $20M, extends maturity to 2025

QUICKLOGIC Corp

Credit facility increased from $15M to $20M; maturity extended to December 31, 2025.
Annual facility fee rises to $60K under Seventh Amendment effective December 8, 2023.
Heritage Bank of Commerce remains lender; CFO cites enhanced operational flexibility.
Proceeds for general business needs; amendment reflects solid financial results and improving outlook.

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