---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004550"
form_type: "8-K"
ticker: "ELUT"
cik: "0001708527"
company_name: "ELUTIA INC."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:44:35.417936+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Elutia amends credit agreement, reducing minimum revenue covenant to $20M from $41M

## Summary
- Second Amendment with SWK Funding LLC lowers minimum Aggregate Revenue to $20M for trailing twelve months from Q1 2024 onward.
- Previous covenant was $41M for Q2 2023 and each subsequent quarter; now reduced to $20M.
- Amendment executed March 27, 2024; filed as Exhibit 10.1 on April 1, 2024.
- No other material terms changed; CFO Matt Ferguson signed on behalf of Elutia.

## SEC filing metadata
- accession: 0001558370-24-004550
- form_type: 8-K
- ticker: ELUT
- cik: 0001708527
- company_name: ELUTIA INC.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708527/000155837024004550/0001558370-24-004550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708527/000155837024004550/elut-20240327x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004550
- JSON: https://secwatch.observer/filing/0001558370-24-004550.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004550.txt

## Key facts
- Material Agreements
  ELUTIA INC. amended Second Amendment with SWK Funding LLC (effective 2024-03-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: SWK Funding LLC
  - Effective: 2024-03-27
  source text: On March 27, 2024, Elutia Inc., a Delaware corporation (the “Company”), entered into a Second Amendment (the “Amendment”) to that certain Credit Agreement, dated as of August 10, 2022, by and among the Company, as Borrower, SWK Funding LLC, as Agent, and the lenders from time to time party thereto (as amended and supplemented from time to time, the “SWK Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708527/000155837024004550/0001558370-24-004550-index.htm

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