secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001666071-25-000060
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 1.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics receives Bank of America non-renewal for offer agreement; extends loan to 2028
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- Bank of America sent non-renewal notice; agreements expire July 31, 2025.
- Extension period through Jan 27, 2026; Bank of America requested continued operations.
- Company says impact not material; discussing separate arrangement for offers on Bank of America's channels.
- Loan facility amended with Banc of California; maturity extended to April 15, 2028.
- No new borrowings; $60M unused available under the loan facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000060/0001666071-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000060/cdlx-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001666071-25-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer