secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001493152-22-035758
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/0001493152-22-035758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000149315222035758/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035758

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