secwatch.observer — SEC 8-K summary
======================================

Issuer:     ASPEN GROUP, INC. (ASPU)
CIK:        0001487198
Form:       8-K
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0001553350-21-000778
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aspen Group amends credit facility, extends maturity to Nov 2022, borrows $5M at 12%
--------------------------------------------------------------------------------

- Extended $5M revolving credit facility maturity from March 2019 to November 4, 2022.
- Borrowed full $5M on Sept 1, 2021; interest rate 12% per annum payable monthly.
- Issued warrants to lender for 50,000 shares at $5.85 per share, exercisable for 5 years.
- Loan secured by deposit accounts, receivables of Aspen University and U.S. University, and subsidiary stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487198/000155335021000778/0001553350-21-000778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487198/000155335021000778/aspu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-21-000778

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