secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001437749-23-034214
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774923034214/0001437749-23-034214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774923034214/quicklo20231207c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-034214

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer