secwatch.observer — SEC 8-K summary
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Issuer:     ZRCN Inc. (—)
CIK:        0001901297
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001493152-26-012118
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/0001493152-26-012118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901297/000149315226012118/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-012118

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