secwatch.observer — SEC 8-K summary
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Issuer:     EBET, Inc. (—)
CIK:        0001829966
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001683168-24-002511
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829966/000168316824002511/0001683168-24-002511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829966/000168316824002511/ebet_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002511

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