secwatch.observer — SEC 8-K summary
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Issuer:     ELUTIA INC. (ELUT)
CIK:        0001708527
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001558370-24-004550
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708527/000155837024004550/0001558370-24-004550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708527/000155837024004550/elut-20240327x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004550

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