{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-003966","form_type":"8-K","ticker":"POCI","cik":"0000867840","company_name":"PRECISION OPTICS CORPORATION, INC.","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.490690+00:00","generated_at":"2026-06-14T06:15:23.657357+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Precision Optics secures $1.5M in new debt financing from Main Street Bank","bullets":["New $750,000 term loan at 8.625% fixed rate, 5-year term.","Revolving line of credit expanded to $1,250,000 from $500,000.","Proceeds to support working capital as development programs transition to commercial production.","Both facilities secured by all assets of the company.","Existing term loan from 2021 Lighthouse acquisition remains in place."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-003966","json":"https://secwatch.observer/filing/0001683168-23-003966.json","markdown":"https://secwatch.observer/filing/0001683168-23-003966.md","text":"https://secwatch.observer/filing/0001683168-23-003966.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/0001683168-23-003966-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/poci_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:15:23.657357+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3452af75a3ccb6cd05bc6c9f8307b098543e31df","claim":"PRECISION OPTICS CORPORATION, INC. entered into Second Amendment to Loan Agreement with Main Street Bank valued at Additional term loan of $750,000, increase in revolving line of credit to $1,250,000 from $500,000; (effective 2023-06-02).","evidence_excerpt":"On June 2, 2023, the Company entered into a Second Amendment to Loan Agreement with Main Street Bank, which provides for an additional term loan in the original principal amount of $750,000 and an increase in the Company’s existing revolving line of credit to up to $1,250,000, from the existing limit of $500,000. The term loan has a term of 5 years and bears interest at the fixed rate of 8.625% per annum. The revolving line of credit bears interest at the greater of the Wall Street Journal “Prime Rate” plus 1.50% or the fixed rate of 4.75% per annum. The term loan and the revolving line of credit are secured by all assets of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/0001683168-23-003966-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Main Street Bank"},{"label":"Value","value":"Additional term loan of $750,000, increase in revolving line of credit to $1,250,000 from $500,000;"},{"label":"Effective","value":"2023-06-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}