---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-001832"
form_type: "8-K"
ticker: "FKWL"
cik: "0000722572"
company_name: "FRANKLIN WIRELESS CORP"
filed_at: "2022-03-22T23:59:59+00:00"
generated_at: "2026-06-26T21:11:42.861389+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Franklin Wireless loans $10M to majority-owned subsidiary at 2% interest for facility purchase

## Summary
- Loan of $10M to majority-owned FTI to purchase South Korea facility and provide working capital.
- Five-year term, annual interest-only payments at 2%, default rate 7%.
- FTI required to grant mortgage on purchased facility to secure the Note.
- Company owns majority of FTI; FTI provides design/development services for wireless products.

## SEC filing metadata
- accession: 0001683168-22-001832
- form_type: 8-K
- ticker: FKWL
- cik: 0000722572
- company_name: FRANKLIN WIRELESS CORP
- filed_at: 2022-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/722572/000168316822001832/0001683168-22-001832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/722572/000168316822001832/franklin_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-001832
- JSON: https://secwatch.observer/filing/0001683168-22-001832.json
- Plain text: https://secwatch.observer/filing/0001683168-22-001832.txt

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