---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002511"
form_type: "8-K"
ticker: null
cik: "0001829966"
company_name: "EBET, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:26:00.480930+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EBET increases revolving credit facility to $11M; acknowledges default from arbitration award

## Summary
- On April 12, 2024, EBET amended credit agreement with CP BF Lending, increasing revolving loan cap from $6.5M to $11M.
- Company acknowledged a termination event under forbearance agreement due to Jan 2024 arbitration award; lender waived until June 17, 2024.
- Revolving advances at lender's sole discretion; company remains in default under original credit agreement.
- Forbearance period extended to June 30, 2025, but subject to acceleration upon further termination events.

## SEC filing metadata
- accession: 0001683168-24-002511
- form_type: 8-K
- cik: 0001829966
- company_name: EBET, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829966/000168316824002511/0001683168-24-002511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829966/000168316824002511/ebet_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002511
- JSON: https://secwatch.observer/filing/0001683168-24-002511.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002511.txt

## Key facts
- Debt Financings
  EBET, Inc. incurred revolving credit of $11.0 million with CP BF Lending, LLC.
  - Instrument: revolving credit
  - Principal: $11.0 million
  - Counterparty: CP BF Lending, LLC
  - Event: incurrence
  source text: the parties entered into a Fourth Amendment to Credit Agreement ("Amendment") pursuant to which, among other items, the maximum available amount of the Revolving Loan was increased to $11.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829966/000168316824002511/0001683168-24-002511-index.htm

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