Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KUSTOM ENTERTAINMENT, INC. incurred revolving credit of $4,880,000 with Kompass Kapital Funding, LLC at the greater of (i) the Prime Rate plus four percent or (ii) eight percent maturing October 26, 2025.
- Instrument
- revolving credit
- Principal
- $4,880,000
- Counterparty
- Kompass Kapital Funding, LLC
- Rate
- the greater of (i) the Prime Rate plus four percent or (ii) eight percent
- Maturity
- October 26, 2025
- Event
- incurrence
Exact text from the filing
”) by and between the Company, as grantor, and Kompass, as grantee, and issued a Revolving Note (the “ Revolving Note ”) to Kompass. The gross proceeds to the Company are $4,880,000 before repaying those certain Senior Secured Convertible Notes issued on April 5, 2023 in the aggregate amount of $3,162,500 and paying customary fees and expenses. Pursuant to
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
KUSTOM ENTERTAINMENT, INC. entered into Loan Agreement with Kompass Kapital Funding, LLC valued at $4,880,000 (effective 2023-10-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Kompass Kapital Funding, LLC
- Value
- $4,880,000
- Effective
- 2023-10-26
Exact text from the filing
On October 26, 2023, Digital Ally, Inc. (the “Company”) entered into a Loan and Security Agreement (the “ Loan Agreement ”) by and between the Company, Digital Ally Healthcare, Inc., a Nevada corporation and wholly-owned subsidiary of the Company (“ Digital Ally Healthcare ” and, together with the Company, the “ Borrower ”), and Kompass Kapital Funding, LLC, a Kansas limited liability company (“ Kompass ”).
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