{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-21-013516","form_type":"8-K","ticker":"LPTH","cik":"0000889971","company_name":"LIGHTPATH TECHNOLOGIES INC","filed_at":"2021-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.028867+00:00","generated_at":"2026-06-27T22:46:26.445708+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LightPath enters second loan amendment extending maturity to April 2023, increases payments, adds exit fee","bullets":["Maturity of Term Loan and Revolving Credit extended from Feb 2022 to April 15, 2023; exit fee of 4% on outstanding principal due then.","Monthly payments on Term Loan increase to $100,000 starting November 1, 2022; outstanding principal was ~$4.215M as of amendment date.","Interest rate set to prime minus 50 bps from Dec 20, 2021; rising to default rate from Aug 1, 2022.","Financial covenant compliance waived for quarters ending Dec 2021, Mar 2022, and June 2022; $50,000 restructuring fee paid to BankUnited.","Guidance Line Facility terminated; credit cards to be cancelled by Jan 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-21-013516","json":"https://secwatch.observer/filing/0001654954-21-013516.json","markdown":"https://secwatch.observer/filing/0001654954-21-013516.md","text":"https://secwatch.observer/filing/0001654954-21-013516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889971/000165495421013516/0001654954-21-013516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889971/000165495421013516/lpth_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T22:46:26.445708+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}