AirSculpt Technologies Enters Material Definitive Agreement

TL;DR

AirSculpt just signed a big deal, details TBD.

AI Summary

AirSculpt Technologies, Inc. announced on September 13, 2024, that it entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its terms, or any associated financial figures.

Why It Matters

This filing indicates a significant business development for AirSculpt Technologies, Inc., potentially impacting its operations, partnerships, or financial structure.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• AirSculpt Technologies, Inc. (company) — Registrant
• September 13, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — on Which Registered: Common Stock, $0.001 par value per share AIRS The Nasdaq
• $6,750,000.00 — the Credit Agreement) no less than (A) $6,750,000.00 as of the last day of the fiscal quarte
• $7,500,000.00 — rter ending September 30, 2024, and (B) $7,500,000.00 as of the last day of the fiscal quarte

Filing Documents

• tm2424025d1_8k.htm (8-K) — 33KB
• tm2424025d1_10-1.htm (EX-10.1) — 1165KB
• 0001104659-24-099870.txt ( ) — 1616KB
• airs-20240913.xsd (EX-101.SCH) — 3KB
• airs-20240913_lab.xml (EX-101.LAB) — 33KB
• airs-20240913_pre.xml (EX-101.PRE) — 22KB
• tm2424025d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amendment to Credit Agreement On September 13, 2024, AirSculpt Technologies, Inc., a Delaware corporation (the "Company"), EBS Intermediate Parent LLC, a Delaware limited liability company ("EBS Parent"), a wholly-owned subsidiary of the Company, EBS Enterprises LLC, a Delaware limited liability company ("Borrower"), a wholly-owned subsidiary of EBS Parent, and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company ("SVB"), entered into a Second Amendment to Credit Agreement (the "Amendment") in connection with that certain Credit Agreement, dated as of November 7, 2022 (as amended by that certain First Amendment and Limited Waiver to Credit Agreement, dated as of March 9, 2023, and as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the "Credit Agreement"), among the Company, EBS Parent, Borrower, the several banks and other financial institutions or entities from time to time party thereto (each a "Lender" and, collectively, the "Lenders"), and SVB as administrative agent and collateral agent for the Lenders, issuing lender and swingline lender, the form of which was attached as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on November 9, 2022. Summary of the Material Terms and Conditions of the Amendment Under the terms of the Amendment, the parties thereto agreed to modify certain financial condition covenants made by the Company in the Credit Agreement, such that (i) the Consolidated Fixed Charge Coverage Ratio (as defined in the Credit Agreement) of the Company and its Subsidiaries as of the last day of the fiscal quarters ending December 31, 2024 and March 31, 2025 must be no less than 1.10:1.00 instead of 1.25:1.00, as previously set forth in the Credit Agreement; (ii) the Consolidated Leverage Ratio (as defined in the Credit Agreement) of the Compan

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Second Amendment to Credit Agreement, dated September 13, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 13, 2024 AirSculpt Technologies, Inc. By: /s/ Dennis Dean Name: Dennis Dean Title: Interim Chief Executive Officer and Chief Financial Officer [ Signature Page to the Form 8-K ]

View Full Filing

View this 8-K filing on SEC EDGAR