---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-035758"
form_type: "8-K"
ticker: "FIEE"
cik: "0001467761"
company_name: "FiEE, Inc."
filed_at: "2022-12-16T23:59:59+00:00"
generated_at: "2026-06-21T03:16:11.505143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Minim reduces SVB credit line to $10M, waives default, extends maturity to Jan 2024

## Summary
- Credit line cut from $25M to $10M; maturity extended to Jan 15, 2024.
- Default for entering $1.5M Slingshot bridge loan waived; new liens subordinated.
- New interest: Prime +1% floor 4.25%; borrowing base 60% eligible accounts plus inventory cap $3.5M.
- Weekly 13-week cash flow reports and lockbox on accounts receivable required.
- Director Daniel Artusi resigned (no disagreement); Patrick Rivard elected to board, chair of nominating & governance and audit member.

## SEC filing metadata
- accession: 0001493152-22-035758
- form_type: 8-K
- ticker: FIEE
- cik: 0001467761
- company_name: FiEE, Inc.
- filed_at: 2022-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/0001493152-22-035758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-035758
- JSON: https://secwatch.observer/filing/0001493152-22-035758.json
- Plain text: https://secwatch.observer/filing/0001493152-22-035758.txt

## Key facts
- Debt Financings
  FiEE, Inc. amended revolving credit of $10 million with Silicon Valley Bank maturing January 15, 2024.
  - Instrument: revolving credit
  - Principal: $10 million
  - Counterparty: Silicon Valley Bank
  - Maturity: January 15, 2024
  - Event: amendment
  source text: decreases the aggregate amount available under the revolving credit line from $25 million to $10 million, (ii) extends maturity to January 15, 2024, and (iii) provides a waiver for an existing default under the Loan Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/0001493152-22-035758-index.htm
- Executive change
  Patrick Rivard was elected as Director at FiEE, Inc..
  - Action: elected
  - Role: Director
  source text: On December 13, 2022, the Board elected Patrick Rivard to the Board, effectively immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/0001493152-22-035758-index.htm
- Executive change
  Daniel Artusi resigned as Director at FiEE, Inc..
  - Action: resigned
  - Role: Director
  source text: On December 13, 2022, Daniel Artusi resigned from the Board of Directors (the “Board”) of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/0001493152-22-035758-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.