Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
OPTICAL CABLE CORP entered into Promissory Note with Freedom First Federal Credit Union valued at $2,650,000.00 (effective 2026-04-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Freedom First Federal Credit Union
- Value
- $2,650,000.00
- Effective
- 2026-04-30
Exact text from the filing
the Company also executed a Promissory Note dated April 30, 2026, in the original principal amount of $2,650,000.00 in favor of Freedom First
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
OPTICAL CABLE CORP entered into Business Loan Agreement with Freedom First Federal Credit Union valued at $2,650,000.00 (effective 2026-04-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Freedom First Federal Credit Union
- Value
- $2,650,000.00
- Effective
- 2026-04-30
Exact text from the filing
On April 30, 2026, Optical Cable Corporation, a Virginia corporation (the “ Company ”), entered into a Business Loan Agreement (the “ Loan Agreement ”) with Freedom First Federal Credit Union
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
OPTICAL CABLE CORP terminated Virginia Real Estate Loan with Northeast Bank with Northeast Bank (effective 2026-04-30).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Northeast Bank
- Effective
- 2026-04-30
Exact text from the filing
Coinciding with the Company entering the Loan Agreement with Freedom First, the Company paid the full outstanding balance of the Company’s existing Virginia Real Estate Loan with Northeast Bank, which had a maturity date of May 5, 2026, and had an interest rate equal to the Prime Rate, adjusted monthly, provided, however, that the interest rate would never be less than 8.5% per annum.
View on SEC.gov