secwatch.observer — SEC 8-K summary
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Issuer:     LANTRONIX INC (LTRX)
CIK:        0001114925
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001683168-25-006370
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lantronix enters $15M revolving credit facility with Silicon Valley Bank, maturing 2028
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- Revolving facility up to $15M, subject to borrowing base, to refinance prior debt and for working capital.
- Matures August 1, 2028; interest rate is greater of 5% or Prime Rate plus 0.0%-0.5% margin.
- Covenants include minimum liquidity test; restrictions on liens, debt, investments, and dividends.
- Includes letters of credit sublimit as part of the facility; customary events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114925/000168316825006370/0001683168-25-006370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114925/000168316825006370/lantronix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006370

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