{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-042496","form_type":"8-K","ticker":null,"cik":"0000874292","company_name":"ADDVANTAGE TECHNOLOGIES GROUP INC","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.206004+00:00","generated_at":"2026-06-07T09:37:22.903919+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"ADDvantage Technologies extends AR purchase facilities with Vast Bank to April 2024","bullets":["Nave facility extended to Apr 17, 2024; credit capacity of $5.0M with 2.45% fee on sold receivables.","Triton facility extended to same date; capacity $1.0M with 1.95% fee on sold receivables.","Fulton facilities: $5.0M (excl. major customer) at 2.0% fee; $0.5M secured by major customer at 1.6% fee.","All four facilities: Vast advances 90% of sold receivables, holds 10% reserve increasing to 100% after 120 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-042496","json":"https://secwatch.observer/filing/0001628280-23-042496.json","markdown":"https://secwatch.observer/filing/0001628280-23-042496.md","text":"https://secwatch.observer/filing/0001628280-23-042496.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/aey-20231217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:37:22.903919+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"925246255e567dd76729c7db0eec5b192221f72f","claim":"ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of $5.0 million and $1.0 million with Vast Bank, N.A. at 2.45% to Nave and 1.95% to Triton.","evidence_excerpt":"Vast agreed to extend the Nave, Triton, and Fulton accounts receivable purchase facilities to April 17, 2024. After Modification, the Nave and Triton facilities provide credit capacities of $5.0 million and $1.0 million, respectively. Vast will charge a fee of 2.45% to Nave and 1.95% to Triton of sold receivables.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$5.0 million and $1.0 million"},{"label":"Counterparty","value":"Vast Bank, N.A."},{"label":"Rate","value":"2.45% to Nave and 1.95% to Triton"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"fee5a90d247eb7efde842388ab4267e734479053","claim":"ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity with Vast Bank, N.A..","evidence_excerpt":"The Fulton facilities, after Modification, provide a credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity secured by receivables of a major customer of $0.5 million, with a fee of 1.6% of sold receivables.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity"},{"label":"Counterparty","value":"Vast Bank, N.A."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"1fdbb0e422b5ae94e045666e53fed56daeaf79db","claim":"ADDVANTAGE TECHNOLOGIES GROUP INC amended Modification Addendums with Vast Bank, N.A. (effective 2023-12-17).","evidence_excerpt":"On December 17, 2023, ADDvantage Technologies Group, Inc. (the “Company”) signed Modification Addendums (the “Modification”) to its accounts receivable purchase facilities with Vast Bank, N.A. (“Vast”) for its subsidiaries, namely Nave Communications Company (“Nave”), ADDvantage Triton, LLC (“Triton”) and Fulton Technologies, Inc. (“Fulton”) pursuant to which Vast agreed to extend the Nave, Triton, and Fulton accounts receivable purchase facilities to April 17, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Vast Bank, N.A."},{"label":"Effective","value":"2023-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}