---
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"
generated_at: "2026-06-06T20:13:58.050081+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Strong Global enters CAD$6M demand credit facility with CIBC; amends FG Quebec credit

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-003491
- form_type: 8-K
- cik: 0001893448
- company_name: Strong Global Entertainment, Inc.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003491
- JSON: https://secwatch.observer/filing/0001493152-24-003491.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003491.txt

## Key facts
- Debt Financings
  Strong Global Entertainment, Inc. incurred credit facility of CAD$6,000,000 with Canadian Imperial Bank of Commerce.
  - Instrument: credit facility
  - Principal: CAD$6,000,000
  - Counterparty: Canadian Imperial Bank of Commerce
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Canadian Imperial Bank of Commerce
  - Value: Credit limit decreased from $3,400,000 to $1,400,000; business credit card facility removed; reporti
  - Effective: 2024-01-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Canadian Imperial Bank of Commerce
  - Value: CAD$6,000,000 demand operating credit and CAD$75,000 business credit card facility
  - Effective: 2024-01-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1893448/000149315224003491/0001493152-24-003491-index.htm

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