---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-004242"
form_type: "8-K"
ticker: "NROM"
cik: "0000709005"
company_name: "NOBLE ROMANS INC"
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T15:12:27.125647+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Noble Roman's amends loan: maturity extended to June 2026, interest to SOFR+9%, warrants repriced

## Summary
- Maturity of $8M senior secured note extended from April 14, 2025 to June 30, 2026.
- Cash interest rate changed to SOFR+9% with 4.25% floor; 3% PIK interest discontinued.
- Monthly principal payments increased to $91,667 from $83,333, starting April 30, 2025.
- Existing warrant exercise price reduced from $0.30 to $0.10; new warrant for 750k shares at $0.10.
- Contingent additional warrants: 500k if note not redeemed by Aug 14, 2025, plus 250k per month thereafter.

## SEC filing metadata
- accession: 0001654954-25-004242
- form_type: 8-K
- ticker: NROM
- cik: 0000709005
- company_name: NOBLE ROMANS INC
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709005/000165495425004242/0001654954-25-004242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709005/000165495425004242/nrom_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-004242
- JSON: https://secwatch.observer/filing/0001654954-25-004242.json
- Plain text: https://secwatch.observer/filing/0001654954-25-004242.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.