---
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"
generated_at: "2026-06-14T06:15:23.657357+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Precision Optics secures $1.5M in new debt financing from Main Street Bank

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003966
- JSON: https://secwatch.observer/filing/0001683168-23-003966.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003966.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Main Street Bank
  - Value: Additional term loan of $750,000, increase in revolving line of credit to $1,250,000 from $500,000;
  - Effective: 2023-06-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/0001683168-23-003966-index.htm

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