secwatch.observer — SEC 8-K summary
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Issuer:     ISUN, INC. (—)
CIK:        0001634447
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001493152-24-019847
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634447/000149315224019847/0001493152-24-019847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634447/000149315224019847/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019847

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