IZEA Worldwide Enters Material Definitive Agreement
Ticker: IZEA · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1495231
| Field | Detail |
|---|---|
| Company | Izea Worldwide, INC. (IZEA) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $9,942,943 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt, agreement
TL;DR
IZEA secured a new loan agreement on 9/30, terms TBD.
AI Summary
On September 30, 2024, IZEA Worldwide, Inc. entered into a Material Definitive Agreement, specifically a loan agreement with an unnamed lender. The agreement outlines terms for a loan facility, though specific dollar amounts and interest rates are not detailed in this filing.
Why It Matters
This filing indicates IZEA Worldwide, Inc. has secured a new financing arrangement, which could impact its operational capacity and future growth strategies.
Risk Assessment
Risk Level: medium — The filing is a material definitive agreement, but lacks specific financial details, creating uncertainty about the loan's terms and impact.
Key Players & Entities
- IZEA Worldwide, Inc. (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Orlando, Florida (location) — Principal executive office address
FAQ
What is the specific nature of the Material Definitive Agreement entered into by IZEA Worldwide, Inc. on September 30, 2024?
IZEA Worldwide, Inc. entered into a loan agreement on September 30, 2024, as detailed in the Material Definitive Agreement.
Who is the lender in the Material Definitive Agreement?
The filing does not disclose the name of the lender in the Material Definitive Agreement.
What are the key financial terms of the loan agreement, such as the principal amount and interest rate?
The filing does not specify the dollar amount of the loan facility or its interest rate.
What is the purpose of this loan agreement for IZEA Worldwide, Inc.?
The filing does not explicitly state the purpose of the loan agreement.
When was the Material Definitive Agreement filed with the SEC?
The Material Definitive Agreement was filed with the SEC on October 1, 2024.
Filing Stats: 537 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-09-30 19:17:55
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share IZEA The Nasdaq Capital Marke
- $9,942,943 — ment provides for the purchase of up to $9,942,943 of Common Stock under such program. I
Filing Documents
- izea-20240930.htm (8-K) — 24KB
- izea10b5-1issuerrepurchase.htm (EX-99.1) — 36KB
- 0001495231-24-000193.txt ( ) — 186KB
- izea-20240930.xsd (EX-101.SCH) — 2KB
- izea-20240930_lab.xml (EX-101.LAB) — 21KB
- izea-20240930_pre.xml (EX-101.PRE) — 12KB
- izea-20240930_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On September 30, 2024, IZEA Worldwide, Inc., a Nevada corporation (the "Company"), and Ladenburg Thalmann & Co. Inc. ("Ladenburg") entered into an agreement (the "Agreement") pursuant to which Ladenburg has been authorized on the Company's behalf to purchase shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), which purchases may commence on November 1, 2024 and terminate on the earliest of May 15, 2025, such time as the aggregate number of shares are repurchased or upon certain other events. Purchases will be made from time to time, depending on market conditions, in open market or privately negotiated transactions, at prices deemed appropriate by management. The Agreement was adopted under the safe harbor provided by Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended, in order to assist the Company in implementing its stock repurchase programs. The Agreement provides for the purchase of up to $9,942,943 of Common Stock under such program.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 10b5-1 Issuer Repurchase Instructions. 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. IZEA WORLDWIDE, INC. Date: September 30, 2024 By:/s/ Peter J. Biere Peter J. Biere Chief Financial Officer