secwatch.observer — SEC 8-K summary
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Issuer:     BK Technologies Corp (BKTI)
CIK:        0000002186
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001654954-22-015850
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BK Technologies enters $15M accounts receivable financing facility with Alterna Capital
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- Subsidiaries BK Technologies Inc. and RELM Communications sell eligible AR at 85% advance rate.
- Funds usage fee: prime rate plus 1.85% per annum on unpaid purchased accounts.
- Maximum amount available under the PSA is $15 million; initial 12-month term with auto-renewal.
- Parent BK Technologies Corp. and each subsidiary provide guaranties for the obligations.
- Security interest granted on all personal property of subsidiaries; customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2186/000165495422015850/0001654954-22-015850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2186/000165495422015850/bkti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015850

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