---
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"
generated_at: "2026-05-15T09:24:36.970102+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ZRCN enters $12.5M senior secured revolving credit facility with Altriarch Holdings; $7.5M drawn

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-012118
- form_type: 8-K
- cik: 0001901297
- company_name: ZRCN Inc.
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-012118
- JSON: https://secwatch.observer/filing/0001493152-26-012118.json
- Plain text: https://secwatch.observer/filing/0001493152-26-012118.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Altriarch Holdings SPV, LLC
  - Value: $12.5 million senior secured revolving credit facility
  - Effective: 2026-03-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/0001493152-26-012118-index.htm

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