secwatch.observer — SEC 8-K summary
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Issuer:     CYANOTECH CORP (CYAN)
CIK:        0000768408
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001437749-25-028099
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyanotech increases revolver to $4.6M, extends maturity to April 2027
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- Fifth Amendment raises maximum borrowing from $4.0M to $4.6M; minimum draw lowered from $250K to $200K.
- Revolver maturity extended from April 12, 2026 to April 12, 2027.
- Amendment is with Skywords Family Foundation, controlled by Chairman and largest stockholder Michael Davis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768408/000143774925028099/0001437749-25-028099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768408/000143774925028099/cyan20250830_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-028099

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