{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-012118","form_type":"8-K","ticker":null,"cik":"0001901297","company_name":"ZRCN Inc.","filed_at":"2026-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.719738+00:00","generated_at":"2026-05-15T09:24:36.970102+00:00","sec_items":["1.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ZRCN enters $12.5M senior secured revolving credit facility with Altriarch Holdings; $7.5M drawn","bullets":["Loan Agreement provides $12.5M revolving credit facility, maturing March 17, 2029, with option to extend one year.","Interest rate is lesser of Maximum Rate or 3-month SOFR + 8.75%; monthly interest payments begin April 14, 2026.","Prepayment premium of 1.50%/1.00%/0.50% if terminated in year 1/2/3; waived if refinanced by FDIC bank after year 2.","CEO John Stauss is limited guarantor; four largest shareholders pledge common stock as collateral under a Pledge Agreement.","Facility replaces $15M FGI Worldwide loan; proceeds to be used for working capital and debt discharge."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-012118","json":"https://secwatch.observer/filing/0001493152-26-012118.json","markdown":"https://secwatch.observer/filing/0001493152-26-012118.md","text":"https://secwatch.observer/filing/0001493152-26-012118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/0001493152-26-012118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:24:36.970102+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":"95f7bba7073349a5a44b83122fed15c1d756d49e","claim":"ZRCN Inc. entered into Loan Agreement with Altriarch Holdings SPV, LLC valued at $12.5 million senior secured revolving credit facility (effective 2026-03-17).","evidence_excerpt":"On March 17, 2026 (the “Effective Date”), ZRCN Inc., a Delaware corporation (the “Company”), and its wholly owned subsidiary, Zircon Corporation, a California corporation (“Zircon” and collectively with the Company, the “Debtor”), entered into a Loan and Security Agreement (the “Loan Agreement”) with Altriarch Holdings SPV, LLC, as lender (“Lender”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/0001493152-26-012118-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Altriarch Holdings SPV, LLC"},{"label":"Value","value":"$12.5 million senior secured revolving credit facility"},{"label":"Effective","value":"2026-03-17"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}