secwatch.observer — SEC 8-K summary
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Issuer:     FUELCELL ENERGY INC (FCEL)
CIK:        0000886128
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001558370-23-010617
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FuelCell Energy extends CT assistance agreement target to Oct 2024, updates job targets
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- Third Amendment extends Phase 1 Target Date to October 31, 2024 from prior date.
- Company must retain 538 full-time positions in CT for 24 consecutive months by that date.
- Failure results in penalty of $14,225 per job below 538, applied to loan balance.
- If company retains 538 and creates 91 additional jobs (total 629), it may receive $2M credit on $10M loan.
- Loan originated in 2015 with $10M disbursement for manufacturing expansion in Torrington, CT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886128/000155837023010617/0001558370-23-010617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886128/000155837023010617/fcel-20230524x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010617

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