secwatch.observer — SEC 8-K summary
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Issuer:     Fuse Medical, Inc. (FZMD)
CIK:        0000319016
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001564590-21-056340
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Medical obtains waiver of EBITDA default; loan limit cut to $2.55M, term extended to Feb 2022
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- Lender waived default for failing to meet $600K minimum EBITDA for trailing twelve months ended Sep 30, 2021.
- Aggregate loan limit reduced to $2,550,000 from prior level.
- Termination date extended to February 4, 2022; interest rate Prime + 1.00%.
- President/Chairman Mark Brooks’ annual salary capped at $550,000 as part of amendment.
- Company and guarantors released all claims against lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319016/000156459021056340/0001564590-21-056340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319016/000156459021056340/fzmd-8k_20211110.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-056340

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