Noble Roman's Inc. Enters Material Definitive Agreement
Ticker: NROM · Form: 8-K · Filed: Jan 31, 2025 · CIK: 709005
Sentiment: neutral
Topics: material-agreement
TL;DR
Noble Roman's signed a big deal, details TBD.
AI Summary
On January 28, 2025, Noble Roman's Inc. entered into a Material Definitive Agreement. The filing does not disclose the specific details of this agreement, including the counterparty or the financial implications.
Why It Matters
This filing indicates a significant new contract or partnership for Noble Roman's Inc., the details of which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the material definitive agreement introduces uncertainty about its potential impact on the company.
Key Players & Entities
- Noble Roman's Inc. (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- Indiana (location) — State of incorporation
- Indianapolis (location) — City of principal executive offices
- 317-634-3377 (phone_number) — Company's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Noble Roman's Inc. on January 28, 2025?
The filing states that Noble Roman's Inc. entered into a Material Definitive Agreement on January 28, 2025, but does not provide specific details about its nature.
Who is the counterparty to the Material Definitive Agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
What are the key terms and financial implications of this agreement?
The filing does not specify the key terms or financial implications of the Material Definitive Agreement.
When was the agreement officially entered into?
The agreement was entered into on January 28, 2025.
Is this agreement expected to have a significant impact on Noble Roman's Inc.'s business?
As it is classified as a 'Material Definitive Agreement', it is presumed to have a significant impact, though the specific nature of this impact is not detailed in the filing.
Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2025-01-31 16:07:08
Key Financial Figures
- $8.0 million — note in the initial principal amount of $8.0 million (the "Senior Note"). The Amendment exte
- $6.7 million — hich now has a balance of approximately $6.7 million. In connection with such extension, the
- $4,500 — is extension in an amount not to exceed $4,500. The Company is currently in discussion
Filing Documents
- nrom_8k.htm (8-K) — 22KB
- 0001654954-25-000997.txt ( ) — 136KB
- nrom-20250128.xsd (EX-101.SCH) — 6KB
- nrom-20250128_lab.xml (EX-101.LAB) — 13KB
- nrom-20250128_cal.xml (EX-101.CAL) — 1KB
- nrom-20250128_pre.xml (EX-101.PRE) — 8KB
- nrom-20250128_def.xml (EX-101.DEF) — 2KB
- nrom_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective as of January 28, 2025, Noble Roman's, Inc. (the "Company") entered into an amendment (the "Amendment") to a Senior Secured Promissory Note and Warrant Purchase Agreement, dated as of February 7, 2020 (as previously amended, the "Loan Agreement"), with Corbel Capital Partners SBIC, L.P. ("Corbel"). Pursuant to the Loan Agreement, the Company previously issued to Corbel a senior secured promissory note in the initial principal amount of $8.0 million (the "Senior Note"). The Amendment extended the maturity of the Senior Note from February 7, 2025 until April 7, 2025 which now has a balance of approximately $6.7 million. In connection with such extension, the Company agreed to pay a deferred fee of 1.5% of the loan balance, which is payable upon the earlier of the repayment or extended maturity date of the Senior Note. The Company also agreed to reimburse Corbel for certain of its expenses in preparing this extension in an amount not to exceed $4,500. The Company is currently in discussion with potential lenders and believes that the financing will be complete prior to the extended maturity date. The foregoing description of the Amendment and the Loan Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Amendment which will be filed as an exhibit with the Company's Form 10-Q for the quarter ended March 31, 2025. * * * 2
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. Dated: January 31, 2025 NOBLE ROMAN'S, INC. By: /s/ Paul W. Mobley Paul W. Mobley Executive Chairman and Chief Financial Officer 3