Domo, Inc. Files 8-K: Material Agreement & Financial Updates

TL;DR

Domo filed an 8-K on Aug 19, 2024, detailing a material agreement and financial obligations. Details are sparse.

AI Summary

On August 19, 2024, Domo, Inc. entered into a material definitive agreement related to a direct financial obligation. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. Specific details regarding the agreement and financial obligations were not fully disclosed in the provided text.

Why It Matters

This filing indicates significant financial activity and potential new obligations for Domo, Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The filing mentions material definitive agreements and financial obligations, which inherently carry risk, but the lack of specific details prevents a higher risk assessment.

Key Players & Entities

• DOMO, INC. (company) — Registrant
• August 19, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 802 East 1050 South American Fork , UT 84003 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — stered Class B Common Stock, par value $0.001 per share DOMO The Nasdaq Global Market
• $0.01 — B common stock, at an exercise price of $0.01 per share, subject to adjustment (the "

Filing Documents

• domo8k-20240819.htm (8-K) — 32KB
• debtextensionaugust2024rel.htm (EX-99.1) — 7KB
• 0001505952-24-000047.txt ( ) — 163KB
• domo8k-20240819.xsd (EX-101.SCH) — 2KB
• domo8k-20240819_lab.xml (EX-101.LAB) — 21KB
• domo8k-20240819_pre.xml (EX-101.PRE) — 12KB
• domo8k-20240819_htm.xml (XML) — 3KB

01. Entry into a Material Agreement

Item 1.01. Entry into a Material Agreement. On August 19, 2024, Domo, Inc., a Delaware corporation ("Domo"), entered into a Second Amendment to Amended and Restated Loan and Security Agreement and Lender Joinder (the "Amendment"), which amends that certain Amended and Restated Loan and Security Agreement, dated as of August 8, 2023, as amended by that certain First Amendment to Amended and Restated Loan and Security Agreement, dated as of February 17, 2024, among Domo, Domo, Inc., a Utah corporation, the lenders that are parties thereto from time to time (collectively, the "Lenders"), Obsidian Agency Services Inc., as collateral agent for the Lenders, and Wilmington Trust, National Association, as administrative agent for the Lenders (the "Loan Agreement"). Among other things, the Amendment amends the Loan Agreement to (i) to refinance certain credit extensions, (ii) extend the maturity date of the outstanding loans, (iii) revise interest amounts payable in cash and payable in kind and (iv) modify the financial covenants. In connection with the Amendment, Domo issued to the Lenders warrants to purchase an aggregate of 1,022,918 shares of Domo's Class B common stock, at an exercise price of $0.01 per share, subject to adjustment (the "Warrants"). The Warrants expire on August 19, 2028 (the "Expiration Date"). The Lenders may (i) exercise the Warrants at any time prior to the Expiration Date pursuant to the terms of the Warrants for the number of shares of Class B common stock purchased upon such exercise or (ii) in lieu of exercising such Warrant, convert the Warrants, in whole or in part, into the number of shares of Class B common stock pursuant to the terms of the Warrants prior to the Expiration Date. The foregoing descriptions of the Amendment and the Warrants are qualified in their entirety by references to the full text of the Amendment and the form of Warrant, each of which will be filed as exhibits to Domo's Quarterly Report on Form 10-Q for the fiscal q

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. The information set forth under Item 1.01 above is incorporated by reference into this Item 3.02. The issuance of the Warrants was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Domo, Inc. dated A u gust 19 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. DOMO, INC. Date: August 19, 2024 By: /s/ David Jolley David Jolley Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR