secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437749-26-013877
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 secures $10M revolving credit facility with Sunflower Bank, replaces prior agreement
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- New $10M secured revolving credit facility with Sunflower Bank, effective April 27, 2026, maturing April 24, 2029.
- Interest rate: greater of 5.50% or Prime Rate plus 0.50%; annual facility fee of $30,000.
- Proceeds for working capital, general corporate purposes, and strategic initiatives like radiation-hardened FPGA and eFPGA licensing.
- Replaces prior credit agreement with Heritage Bank of Commerce; liquidity covenant requires at least seven months' liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774926013877/0001437749-26-013877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774926013877/quicklo20260427_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013877

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