---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006549"
form_type: "8-K"
ticker: null
cik: "0001829966"
company_name: "EBET, Inc."
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T13:46:48.728386+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EBET extends forbearance on defaulted $30M loan to Oct 31; pays $90K fee

## Summary
- Principal outstanding on term loan: $26,361,567.82 after capitalizing $90K forbearance fee.
- Revolving credit line of $2.0M (discretionary) has $1.4M drawn as of amendment date.
- Forbearance period extended from Sept 15 to Oct 31, 2023; lender reserves right to accelerate after that.
- Company remains in default and acknowledges lender's immediate right to accelerate obligations.
- Previous forbearance fee of 50 bps plus $2M prepayment made June 30, 2023.

## SEC filing metadata
- accession: 0001683168-23-006549
- form_type: 8-K
- cik: 0001829966
- company_name: EBET, Inc.
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829966/000168316823006549/0001683168-23-006549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829966/000168316823006549/ebet_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006549
- JSON: https://secwatch.observer/filing/0001683168-23-006549.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006549.txt

## Key facts
- Debt Financings
  EBET, Inc. amended credit facility of $26,361,567.82 with CP BF Lending, LLC.
  - Instrument: credit facility
  - Principal: $26,361,567.82
  - Counterparty: CP BF Lending, LLC
  - Event: amendment
  source text: was added to the outstanding principal amount of the Loan. Upon the execution of the Amendment and after the receipt of the forbearance fee, the principal amount of the Loan is $26,361,567.82. In connection with the Forbearance Agreement, the Lender agreed to provide the Company with a revolving line of credit in the amount of $2.0 million (the “Revolving Note”), with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316823006549/0001683168-23-006549-index.htm
- Debt Financings
  EBET, Inc. incurred revolving credit of $2.0 million with CP BF Lending, LLC at 15.0% per annum maturing November 29, 2024.
  - Instrument: revolving credit
  - Principal: $2.0 million
  - Counterparty: CP BF Lending, LLC
  - Rate: 15.0% per annum
  - Maturity: November 29, 2024
  - Event: incurrence
  source text: In connection with the Forbearance Agreement, the Lender agreed to provide the Company with a revolving line of credit in the amount of $2.0 million (the "Revolving Note"), with any advances under the Revolving Note to be made in the sole discretion of the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316823006549/0001683168-23-006549-index.htm

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