Elutia Inc. Enters Loan Agreement
Ticker: ELUT · Form: 8-K · Filed: Aug 20, 2025 · CIK: 1708527
| Field | Detail |
|---|---|
| Company | Elutia Inc. (ELUT) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $25.0 million, $50,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing
TL;DR
Elutia Inc. just signed a new loan agreement, potentially bringing in new capital.
AI Summary
On August 15, 2025, Elutia Inc. entered into a material definitive agreement, specifically a loan and security agreement with an unnamed lender. This agreement creates a direct financial obligation for Elutia Inc., the details of which are not fully disclosed in this filing but are expected to be outlined in the accompanying exhibits.
Why It Matters
This filing indicates Elutia Inc. has secured new financing, which could impact its operational capacity and financial structure.
Risk Assessment
Risk Level: medium — Entering into new debt obligations carries inherent financial risks that could affect the company's future performance.
Key Players & Entities
- Elutia Inc. (company) — Registrant
- August 15, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-39577 (identifier) — SEC File Number
- 47-4790334 (identifier) — IRS Employer Identification No.
- 20 Firstfield Road Gaithersburg , MD 20878 (address) — Address of principal executive offices
FAQ
What is the specific nature of the material definitive agreement entered into by Elutia Inc.?
The filing states Elutia Inc. entered into a material definitive agreement, identified as a loan and security agreement, on August 15, 2025.
What type of financial obligation does this agreement create for Elutia Inc.?
The agreement creates a direct financial obligation for Elutia Inc., as it is a loan and security agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 15, 2025.
What is Elutia Inc.'s state of incorporation?
Elutia Inc. is incorporated in Delaware.
Where are Elutia Inc.'s principal executive offices located?
Elutia Inc.'s principal executive offices are located at 20 Firstfield Road Gaithersburg, MD 20878.
Filing Stats: 636 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-08-20 16:15:53
Key Financial Figures
- $0.001 — ch registered Class A Common Stock, $0.001 par value per share ELUT The Nasdaq
- $25.0 million — red term loan in an aggregate amount of $25.0 million (the "Term Loan"). The Amendment, among
- $50,000 — the payment date in August 2025, (ii) a $50,000 amendment fee agreed to by the Company
- $10,000 — e Company on June 30, 2025, and (iii) a $10,000 amendment fee to be paid pursuant to th
Filing Documents
- tm2523918d1_8k.htm (8-K) — 31KB
- tm2523918d1_ex10-1.htm (EX-10.1) — 1194KB
- 0001104659-25-080916.txt ( ) — 1635KB
- elut-20250815.xsd (EX-101.SCH) — 3KB
- elut-20250815_lab.xml (EX-101.LAB) — 33KB
- elut-20250815_pre.xml (EX-101.PRE) — 22KB
- tm2523918d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 15, 2025, Elutia Inc., a Delaware corporation (the "Company"), entered into a Fifth Amendment (the "Amendment") to that certain Credit Agreement, dated as of August 10, 2022, by and among the Company, as Borrower, SWK Funding LLC, as Agent, and the lenders from time to time party thereto (as amended and supplemented from time to time, the "SWK Facility"). The SWK Facility provides for a senior secured term loan in an aggregate amount of $25.0 million (the "Term Loan"). The Amendment, among other things, provided that the following amounts will be capitalized into the unpaid principal balance of the Term Loan: (i) all accrued and unpaid interest due and owing to Lenders on the payment date in August 2025, (ii) a $50,000 amendment fee agreed to by the Company on June 30, 2025, and (iii) a $10,000 amendment fee to be paid pursuant to the Amendment. The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Fifth Amendment to Credit Agreement, dated as of August 14, 2025, by and among Elutia Inc., SWK Funding LLC, as Agent, and the Lenders from time to time party thereto. 104 Cover Page Interactive Data File (formatted as 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. ELUTIA INC. (Registrant) Date: August 20, 2025 By: /s/ Matthew Ferguson Matthew Ferguson Chief Financial Officer