RCI Hospitality Enters New Agreements, Terminates Others
Ticker: RICK · Form: 8-K · Filed: Oct 7, 2025 · CIK: 935419
| Field | Detail |
|---|---|
| Company | Rci Hospitality Holdings, Inc. (RICK) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $2,800,000, $250,000, $3,000,000, $3,250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, agreement-termination
Related Tickers: RCII
TL;DR
RCII just signed new deals and ditched old ones, creating new financial obligations.
AI Summary
On October 1, 2025, RCI Hospitality Holdings, Inc. entered into a material definitive agreement and simultaneously terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements and obligations are not fully disclosed in this filing.
Why It Matters
This filing indicates significant changes in RCI Hospitality's contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and new financial obligations, which carry inherent risks that are not fully detailed.
Key Players & Entities
- RCI Hospitality Holdings, Inc. (company) — Registrant
- Texas (location) — State of Incorporation
- October 1, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by RCI Hospitality Holdings, Inc. on October 1, 2025?
The filing states that RCI Hospitality Holdings, Inc. entered into a material definitive agreement on October 1, 2025, but the specific details of this agreement are not provided in the summary information.
What specific agreement was terminated by RCI Hospitality Holdings, Inc. on October 1, 2025?
The filing indicates the termination of a material definitive agreement on October 1, 2025, but does not specify which agreement was terminated.
What type of financial obligation was created by RCI Hospitality Holdings, Inc. on October 1, 2025?
RCI Hospitality Holdings, Inc. created a direct financial obligation or an obligation under an off-balance sheet arrangement on October 1, 2025, though the exact nature of this obligation is not detailed.
What is the principal business address of RCI Hospitality Holdings, Inc.?
The principal executive offices of RCI Hospitality Holdings, Inc. are located at 10737 Cutten Road, Houston, Texas 77066.
When was RCI Hospitality Holdings, Inc. incorporated and in which state?
RCI Hospitality Holdings, Inc. was incorporated in Texas.
Filing Stats: 789 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2025-10-07 16:28:35
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market
- $2,800,000 — ors holding a total principal amount of $2,800,000 in unsecured promissory notes agreed to
- $250,000 — ors holding a total principal amount of $250,000 in unsecured promissory notes agreed to
- $3,000,000 — 25. Additionally, we issued a total of $3,000,000 in new 12% unsecured promissory notes t
- $3,250,000 — otes. Accordingly, we raised a total of $3,250,000 in new debt financing under the transac
Filing Documents
- rick-20251001.htm (8-K) — 28KB
- seriesapromissorynote-form.htm (EX-4.1) — 43KB
- 0001628280-25-044498.txt ( ) — 194KB
- rick-20251001.xsd (EX-101.SCH) — 2KB
- rick-20251001_lab.xml (EX-101.LAB) — 21KB
- rick-20251001_pre.xml (EX-101.PRE) — 12KB
- rick-20251001_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On October 1, 2025, RCI Hospitality Holdings, Inc. ("we," "us" and "our") entered into certain debt modification transactions with certain holders of our 12% unsecured promissory notes and concurrently issued new 12% unsecured promissory notes to new investors. Specifically, seven investors holding a total principal amount of $2,800,000 in unsecured promissory notes agreed to extend the maturity dates of such notes, and two investors holding a total principal amount of $250,000 in unsecured promissory notes agreed to extend the maturity dates of such notes and increase the principal by $250,000. In each case, there were no other changes to the terms and conditions of the previous promissory notes, which previous promissory notes were issued on November 1, 2023, and had maturity dates of October 1, 2026. These transactions were effected by the nine investors returning for cancellation their previous promissory notes, with us issuing new amended and restated promissory notes to such investors. The previous promissory notes will be deemed cancelled as of the end of the day on September 30, 2025, and the new amended promissory notes will have an original issue date, and be deemed effective, as of October 1, 2025. Additionally, we issued a total of $3,000,000 in new 12% unsecured promissory notes to a total of three new investors on the same issue date and with same terms and conditions as the new amended and restated 12% unsecured promissory notes. Accordingly, we raised a total of $3,250,000 in new debt financing under the transactions described in this current report. The 12 new promissory notes are styled as "Series A 12% Unsecured Promissory Notes" and bear interest at the rate of 12% per annum. The notes are payable interest-only monthly in arrears, with a final lump sum payment of principal and accrued and unpaid interest due on October 1, 2028. A form of the Series A 12% Unsecured Promissory Notes is filed
02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT. Reference is made to the disclosure set forth above under Item 1.01 of this current report, which disclosure 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. Reference is made to the disclosure set forth above under Item 1.01 of this current report, which disclosure is incorporated herein by reference.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 4.1 Series A 12% Unsecured Promissory No t e (form of ) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. RCI HOSPITALITY HOLDINGS, INC. Date: October 7, 2025 By: /s/ Eric Langan Eric Langan President and Chief Executive Officer 3