Maris-Tech Secures $4M Credit Line
Ticker: MTEKW · Form: 6-K · Filed: Mar 27, 2025 · CIK: 1872964
| Field | Detail |
|---|---|
| Company | Maris Tech LTD. (MTEKW) |
| Form Type | 6-K |
| Filed Date | Mar 27, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, debt
TL;DR
Maris-Tech just got a $4M credit line from Mizrahi Bank, secured by all assets.
AI Summary
On March 26, 2025, Maris-Tech Ltd. secured a $4 million credit line agreement with United Mizrahi-Tefahot Bank Ltd. This facility has a 12-month term and is secured by all of the company's assets, with each withdrawal having a maturity date of up to one month.
Why It Matters
This credit line provides Maris-Tech with increased financial flexibility and access to capital, which can be used for operational needs or strategic growth initiatives.
Risk Assessment
Risk Level: medium — The credit line is secured against all company assets, indicating potential risk if the company cannot meet its obligations.
Key Numbers
- $4.0M — Credit Facility (Amount secured by Maris-Tech Ltd.)
- 12 months — Credit Facility Term (Duration of the agreement from the date of entry.)
Key Players & Entities
- Maris-Tech Ltd. (company) — Borrower
- $4 million (dollar_amount) — Credit Facility Amount
- United Mizrahi-Tefahot Bank Ltd. (company) — Lender
- March 26, 2025 (date) — Agreement Date
FAQ
What is the maturity date for each withdrawal under the credit facility?
Each withdrawal under the credit facility has a maturity date of up to one month from the date of withdrawal.
What is the total duration of the credit facility agreement?
The credit facility agreement is in force for a period of 12 months from the date of the agreement, which was March 26, 2025.
What collateral secures the credit facility?
The credit facility is secured against all of the assets of Maris-Tech Ltd.
Who is the lender for the $4 million credit line?
The lender is United Mizrahi-Tefahot Bank Ltd.
What type of filing is this report?
This is a Form 6-K report, which is a Report of Foreign Private Issuer.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 27, 2025 regarding Maris Tech Ltd. (MTEKW).