NLIGHT, INC. Files 8-K for Material Definitive Agreement
Ticker: LASR · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1124796
| Field | Detail |
|---|---|
| Company | Nlight, INC. (LASR) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
NLIGHT, INC. just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
On September 25, 2024, NLIGHT, INC. entered into a Material Definitive Agreement related to a direct financial obligation. The company, incorporated in Delaware with its principal office in Camas, Washington, filed an 8-K report detailing this event.
Why It Matters
This filing indicates a significant financial commitment or obligation for NLIGHT, INC., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Numbers
- 001-38462 — SEC File Number (Identifies the company's filing with the SEC.)
Key Players & Entities
- NLIGHT, INC. (company) — Registrant
- September 25, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Camas, Washington (location) — Business address
FAQ
What is the nature of the Material Definitive Agreement?
The filing indicates the entry into a Material Definitive Agreement and the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this filing?
The earliest event reported was on September 25, 2024.
What is NLIGHT, INC.'s state of incorporation?
NLIGHT, INC. is incorporated in Delaware.
Where is NLIGHT, INC. located?
NLIGHT, INC.'s business address is 4637 NW 18TH AVENUE, CAMAS, WA 98607.
What type of financial obligation is mentioned in the filing?
The filing mentions the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-27 17:17:21
Key Financial Figures
- $0.0001 — ch Registered Common Stock, par value $0.0001 per share LASR The Nasdaq Stock Market
Filing Documents
- lasr-20240925.htm (8-K) — 29KB
- a1015thamendto2ndrestatedl.htm (EX-10.1) — 51KB
- 0001124796-24-000116.txt ( ) — 211KB
- lasr-20240925.xsd (EX-101.SCH) — 2KB
- lasr-20240925_lab.xml (EX-101.LAB) — 21KB
- lasr-20240925_pre.xml (EX-101.PRE) — 12KB
- lasr-20240925_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 25, 2024, nLIGHT, Inc., a Delaware corporation (the " Company "), entered into Amendment No. 5 to the Second Amended and Restated Loan and Security Agreement, which was effective as of September 24, 2024, and amends that certain Second Amended and Restated Loan and Security Agreement, dated as of September 24, 2018 (as amended from time to time, the " Loan Agreement "), between the Company and Banc of California (formerly known as Pacific Western Bank) . The amendment, among other changes, (a) amends the unused line fee and the interest rate applicable to the revolving loans, (b) extends the maturity date of the loan facility by three years to September 24, 2027, and (c) amends the financial covenants. As of September 27, 2024, there were no revolving loans outstanding under the Loan Agreement. Additional details of the Loan Agreement were previously disclosed in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on September 27, 2018, November 14, 2019, and September 28, 2021, which are incorporated herein by reference. The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The information related to the Credit Agreement set forth in Item 1.01 above is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 5 to Second Amended and Restated Loan and Security Agreement, effective as of September 24, 2024, by and between nLIGHT, Inc. and Banc of California (f/k/a Pacific Western Bank).
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. NLIGHT, INC. (Registrant) Date: September 27, 2024 By: /s/ JOSEPH CORSO Joseph Corso Chief Financial Officer