secwatch.observer — SEC 8-K summary
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Issuer:     DOMO, INC. (DOMO)
CIK:        0001505952
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001505952-24-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Domo amends loan agreement, extends maturity to April 2026, adds EBITDA covenant
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- Maturity extended to April 1, 2026; maximum debt ratio replaced with minimum annualized recurring revenue covenant.
- Minimum liquidity covenant threshold increased; new minimum consolidated EBITDA covenant added.
- Domo issued warrants for 189,036 shares of Class B common stock at $0.01 per share to lenders.
- Amendment modifies Loan and Security Agreement dated August 8, 2023.
- Warrants issued in reliance on Section 4(a)(2) exemption from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505952/000150595224000004/0001505952-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505952/000150595224000004/domo8k-20240217.htm
  HTML page:      https://secwatch.observer/filing/0001505952-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer