secwatch.observer — SEC 8-K summary
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Issuer:     Inuvo, Inc. (INUV)
CIK:        0000829323
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001654954-24-009717
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inuvo secures $10M asset-based credit facility from SLR Digital Finance
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- $10M maximum line; allows borrowing up to 90% of eligible AR with 36-month initial term.
- Replaces existing loan with Mitsubishi HC Capital America; all obligations satisfied.
- Interest rate: Prime + 1% (min 7% p.a.) with initial 30-day flat fee structure.
- Proceeds for general corporate purposes, working capital, capex, and strategic investments.
- Collateral includes first-priority security interest in all borrower assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829323/000165495424009717/0001654954-24-009717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829323/000165495424009717/inuvo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-009717

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