{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002284","form_type":"8-K","ticker":"RMCF","cik":"0001616262","company_name":"Rocky Mountain Chocolate Factory, Inc.","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.813086+00:00","generated_at":"2026-06-06T16:35:33.609059+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RMCF receives waiver from Wells Fargo for current ratio covenant breach (1.42 vs 1.5)","bullets":["As of Nov 30, 2023, company's current ratio was 1.42, below the required 1.5 in credit agreement with Wells Fargo.","On Jan 22, 2024, Wells Fargo issued a waiver of default rights for this specific breach, avoiding immediate repayment demand.","Waiver applies only to this instance; future noncompliance could trigger acceleration of $4M credit line.","Credit line is $4M secured by substantially all assets; lender retains right to cease advances if future breach."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002284","json":"https://secwatch.observer/filing/0001437749-24-002284.json","markdown":"https://secwatch.observer/filing/0001437749-24-002284.md","text":"https://secwatch.observer/filing/0001437749-24-002284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616262/000143774924002284/0001437749-24-002284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616262/000143774924002284/rmcfd20240125_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:35:33.609059+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5ea55249cdcb085f954d18b509ecdbfc6e25be51","claim":"Rocky Mountain Chocolate Factory, Inc. entered into Credit Agreement with Wells Fargo Bank N.A. valued at $4.0 million (effective 2021-10-13).","evidence_excerpt":"on October 13, 2021, Rocky Mountain Chocolate Factory, Inc. (the “Company”) entered into a credit agreement (as amended, the “Credit Agreement”) with Wells Fargo Bank N.A. (the “Lender”), pursuant to which the Company has a $4.0 million credit line for general corporate and working capital purposes (the “Credit Line”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616262/000143774924002284/0001437749-24-002284-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank N.A."},{"label":"Value","value":"$4.0 million"},{"label":"Effective","value":"2021-10-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}