Cyanotech ups revolving credit to $4M, extends note maturity to 2027

CYANOTECH CORP

Revolving borrowing capacity increased from $2M to $4M under promissory note with Skywords Family Foundation.
Maturity of revolver extended to April 12, 2026; term loan maturity extended to April 12, 2027.
Outstanding balances as of amendment: $1M on term note and $1.5M on revolver.
Skywords is controlled by Chairman and largest stockholder Michael Davis; related-party transaction.

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