{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-003491","form_type":"8-K","ticker":null,"cik":"0001893448","company_name":"Strong Global Entertainment, Inc.","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.258811+00:00","generated_at":"2026-06-06T20:13:58.050081+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Strong Global enters CAD$6M demand credit facility with CIBC; amends FG Quebec credit","bullets":["Demand operating credit limit: lesser of CAD$6M or 80% receivables + 50% inventory (max $1.5M) minus priority claims.","Business credit card facility limit of CAD$75,000 for purchase and payment of goods/services.","FG Holdings Quebec's existing credit limit reduced from $3.4M to $1.4M; business card removed.","Strong Global guarantees all FG Quebec liabilities to CIBC under the amendment.","Financial covenants: Debt/EBITDA ≤ 3.0x, fixed charge coverage ≥ 1.1x, current ratio ≥ 1.1x."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-003491","json":"https://secwatch.observer/filing/0001493152-24-003491.json","markdown":"https://secwatch.observer/filing/0001493152-24-003491.md","text":"https://secwatch.observer/filing/0001493152-24-003491.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:13:58.050081+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"907110b72e5cbc91dc86a7c001e155dd6ce2861d","claim":"Strong Global Entertainment, Inc. incurred credit facility of CAD$6,000,000 with Canadian Imperial Bank of Commerce.","evidence_excerpt":"consists of a demand operating credit and a business credit card facility. Under the demand operating credit, with certain conditions, the credit limit is the lesser of (a) CAD$6,000,000 or (b) the sum of (i) 80% of Receivable Value, which includes all North American accounts receivable of Strong/MDI Screen Systems Inc., a British Columbia entity and Strong","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"CAD$6,000,000"},{"label":"Counterparty","value":"Canadian Imperial Bank of Commerce"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"017824e71b451ae44b9c46a58891feb133fa03d5","claim":"Strong Global Entertainment, Inc. amended Amendment No. 2 to Credit Agreement with Canadian Imperial Bank of Commerce valued at Credit limit decreased from $3,400,000 to $1,400,000; business credit card facility removed; reporti (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, as a guarantor, the Company also signed a credit agreement which is an amendment (“Amendment No. 2”) entered into by CIBC and FG Quebec.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Canadian Imperial Bank of Commerce"},{"label":"Value","value":"Credit limit decreased from $3,400,000 to $1,400,000; business credit card facility removed; reporti"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"},{"claim_id":"96cee9cab40dadf97b24aed54ecdd4634af8abf1","claim":"Strong Global Entertainment, Inc. entered into Demand Credit Agreement with Canadian Imperial Bank of Commerce valued at CAD$6,000,000 demand operating credit and CAD$75,000 business credit card facility (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, Strong Global Entertainment, Inc. (the “Company”) entered into a demand credit agreement (the “Agreement”) with Canadian Imperial Bank of Commerce (“CIBC”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Canadian Imperial Bank of Commerce"},{"label":"Value","value":"CAD$6,000,000 demand operating credit and CAD$75,000 business credit card facility"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}