Sezzle Inc. Files 8-K: Material Agreement and Financial Updates
Ticker: SEZL · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1662991
| Field | Detail |
|---|---|
| Company | Sezzle Inc. (SEZL) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.00001, $150.0 m, $60.0 million, $72 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, regulation-fd
Related Tickers: SEZL
TL;DR
Sezzle Inc. filed an 8-K on 4/19/24 detailing a material definitive agreement and financial updates.
AI Summary
On April 19, 2024, Sezzle Inc. entered into a material definitive agreement related to a direct financial obligation. The company also made a Regulation FD disclosure and filed financial statements and exhibits as part of this 8-K filing.
Why It Matters
This filing indicates significant corporate actions and financial disclosures by Sezzle Inc., which could impact its financial obligations and reporting.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial disclosures, which can carry inherent risks related to the company's financial health and future obligations.
Key Players & Entities
- Sezzle Inc. (company) — Registrant
- April 19, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41781 (identifier) — Commission File Number
- 81-0971660 (identifier) — I.R.S. Employer Identification No.
- 700 Nicollet Mall Suite 640 Minneapolis, MN 55402 (address) — Principal executive offices
- +1 (651) 240-6001 (phone_number) — Registrant's phone number
FAQ
What type of material definitive agreement did Sezzle Inc. enter into?
The filing indicates Sezzle Inc. entered into a material definitive agreement related to a direct financial obligation.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 19, 2024.
In which state is Sezzle Inc. incorporated?
Sezzle Inc. is incorporated in Delaware.
What is Sezzle Inc.'s principal executive office address?
Sezzle Inc.'s principal executive office is located at 700 Nicollet Mall Suite 640 Minneapolis, MN 55402.
What are the key items reported in this 8-K filing?
The key items reported are Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 1,528 words · 6 min read · ~5 pages · Grade level 14 · Accepted 2024-04-22 16:40:41
Key Financial Figures
- $0.00001 — ch registered Common Stock, par value $0.00001 per share SEZL The Nasdaq Stock Mar
- $150.0 m — ty), with a borrowing capacity of up to $150.0 million, which is governed by a Revolving
- $60.0 million — facility's minimum utilization rate is $60.0 million. The new revolving credit facility carr
- $72 million — . Prior to April 19, 2024, Sezzle had $72 million outstanding under its then existing rev
Filing Documents
- ea0204320-8k_sezzleinc.htm (8-K) — 45KB
- ea020432001ex10-1_sezzleinc.htm (EX-10.1) — 968KB
- ea020432001ex10-2_sezzleinc.htm (EX-10.2) — 182KB
- ea020432001ex10-3_sezzleinc.htm (EX-10.3) — 132KB
- ea020432001ex99-1_sezzleinc.htm (EX-99.1) — 16KB
- ex99-1_001.jpg (GRAPHIC) — 14KB
- 0001213900-24-034952.txt ( ) — 1783KB
- sezl-20240419.xsd (EX-101.SCH) — 3KB
- sezl-20240419_lab.xml (EX-101.LAB) — 33KB
- sezl-20240419_pre.xml (EX-101.PRE) — 22KB
- ea0204320-8k_sezzleinc_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description of Exhibit 10.1 Revolving Credit and Security Agreement dated as of April 19, 2024 among Sezzle Funding SPE II, LLC, the lenders from time to time party thereto and Bastion Funding VI LP, as administrative agent. 10.2 Pledge and Guaranty Agreement dated as of April 19, 2024 by and between Sezzle Funding SPE II Parent, LLC, as pledgor, and Bastion Funding VI LP, in its capacity as administrative agent. 10.3 Limited Guaranty and Indemnity Agreement dated as of April 19, 2024 by Sezzle Inc. for the benefit of Bastion Funding VI LP, in its capacity as administrative agent. 99.1 Press Release of Sezzle Inc. 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) 2 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. Sezzle Inc. (Registrant) Date: April 22, 2024 By: /s/ Charles Youakim Charles Youakim Chief Executive Officer 3