---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019847"
form_type: "8-K"
ticker: null
cik: "0001634447"
company_name: "ISUN, INC."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:13:39.485196+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# iSun receives default notice from Decathlon on $8M loan; acceleration demanded

## Summary
- Decathlon Growth Credit declared Event of Default on May 9, 2024, citing failure to deliver Deposit Account Control Agreements.
- Default also includes incurrence of unpermitted indebtedness and granting liens in violation of the Loan Agreement.
- Decathlon demands immediate payment of all obligations owed, plus collection costs.
- Loan Agreement was entered December 12, 2023 for up to $8 million principal amount.

## SEC filing metadata
- accession: 0001493152-24-019847
- form_type: 8-K
- cik: 0001634447
- company_name: ISUN, INC.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634447/000149315224019847/0001493152-24-019847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634447/000149315224019847/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019847
- JSON: https://secwatch.observer/filing/0001493152-24-019847.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019847.txt

## Key facts
- Debt Financings
  ISUN, INC. faced acceleration on loan of up to $8,000,000 with Decathlon Growth Credit, LLC.
  - Instrument: loan
  - Principal: up to $8,000,000
  - Counterparty: Decathlon Growth Credit, LLC
  - Event: acceleration
  source text: Revenue Loan and Security Agreement (the “Loan Agreement”) with Decathlon Specialty Finance, LLC, pursuant to which the Company borrowed the aggregate principal amount of up to $8,000,000, as described in the Company’s Current Report on Form 8-K, dated December 13, 2023. On May 9, 2024, the Company received notice from Decathlon Growth Credit, LLC (“Decathlon”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634447/000149315224019847/0001493152-24-019847-index.htm

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