Digimarc receives SBA forgiveness of $5.1M PPP loan

Digimarc CORP

SBA approved full forgiveness of $5.0M principal plus $0.1M accrued interest, totaling $5.1M, on September 29, 2021.
Loan originated April 16, 2020 under CARES Act PPP; forgiveness application filed September 15, 2020.
Forgiveness recognized in Q3 2021 financial statements; SBA retains right to audit post-forgiveness.
Outstanding bank debt discharged; loan was held by The Loan Source, Inc. at time of forgiveness.

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