secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001683168-23-003966
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/0001683168-23-003966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316823003966/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003966

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