Dalrada Technology Group, Inc. (DHTI): debt financing — Dalrada Technology Group receives default notice; $500K cure payment due May 1

Dalrada Technology Group, Inc.

Notice declares defaults under Term Loan Agreement (July 2023), four Loan/Security Agreements (Feb-Apr 2024), and Factoring Loan (Feb 2025) due to missed payments.
Lender demands $500,000 cure payment by May 1, 2026; non-payment will result in acceleration of loan balances and enforcement actions.
Lenders are Nautilus Parent Holdings (term) and Nautilus Funding Solutions – Series XIII (factoring).
Company intends to engage in discussions but no assurance defaults will be cured or loans not accelerated.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dalrada Technology Group, Inc. reported a default on credit facility of $500,000 with Nautilus Parent Holdings, LLC and Nautilus Funding Solutions, LLC – Series XIII.

Instrument: credit facility
Principal: $500,000
Counterparty: Nautilus Parent Holdings, LLC and Nautilus Funding Solutions, LLC – Series XIII
Event: default

Exact text from the filing

the “Loan Documents”). The Lender attributes the defaults to the borrowers’ failure to make required payments under the Loan Documents. The Lender demands a cure payment of $500,000 no later than May 1, 2026. The notice states that, if the cure payment is not made, the Lender will accelerate the respective balances of the Loans and immediately commence

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Source: SEC EDGAR

accession 0001683168-26-003395

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