Sezzle Inc. Files 8-K for Material Definitive Agreement

TL;DR

Sezzle Inc. just signed a big deal, filing an 8-K on it. Details TBD.

AI Summary

On June 19, 2024, Sezzle Inc. entered into a Material Definitive Agreement related to a financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing does not specify the exact nature or amount of the financial obligation.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Sezzle Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risk or opportunity that is not yet fully disclosed.

Key Numbers

• 001-41781 — SEC File Number (Identifies Sezzle Inc.'s filing with the SEC.)
• 81-0971660 — I.R.S. Employer Identification No. (Tax identification number for Sezzle Inc.)

Key Players & Entities

• Sezzle Inc. (company) — Registrant
• June 19, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 700 Nicollet Mall Suite 640 Minneapolis, MN 55402 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.00001 — ich Registered Common Stock, par value $0.00001 per share SEZL The Nasdaq Stock Market
• $3 m — me in an aggregate amount not to exceed $3 million, regardless if the Company meets
• $15 million — tors authorized the repurchase of up to $15 million of the Company's outstanding shares of

Filing Documents

• szl-20240619.htm (8-K) — 29KB
• szl-20240620ex1001.htm (EX-10.1) — 26KB
• szl-20240620ex9901.htm (EX-99.1) — 7KB
• szl-20240620ex9901001.jpg (GRAPHIC) — 246KB
• szl-20240620ex9901002.jpg (GRAPHIC) — 235KB
• 0001662991-24-000176.txt ( ) — 867KB
• szl-20240619.xsd (EX-101.SCH) — 2KB
• szl-20240619_lab.xml (EX-101.LAB) — 24KB
• szl-20240619_pre.xml (EX-101.PRE) — 14KB
• szl-20240619_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement Line of Credit Amendment Effective June 19, 2024, Sezzle Inc. (the "Company") entered into Amendment No. 1 to Limited Guaranty and Indemnity Agreement (the "Line of Credit Amendment") amending certain terms to Limited Guaranty and Indemnity Agreement, dated April 19, 2024, by the Company (as "Limited Guarantor") for the benefit of Bastion Funding VI LP (as "Administrative Agent") (the "Existing Limited Guaranty"). The Line of Credit Amendment amends the Existing Limited Guaranty to permit the Company to repurchase equity interests of the Company or any warrants of the same in an aggregate amount not to exceed $3 million, regardless if the Company meets the Restricted Payment covenants in the Existing Limited Guaranty. The foregoing description of the Line of Credit Amendment is qualified in all respects by reference to the full text of the Line of Credit Amendment, which is attached as Exhibit 10.1 hereto and incorporated by reference herein. The Line of Credit Amendment is not intended to be a source of factual, business or operational information about the Company or its subsidiaries. The representations and warranties contained in the Line of Credit Amendment were made only for purposes of such agreement (or the applicable related agreements) and as of specific dates, were solely for the benefit of the parties to such agreement (or the applicable related agreements), and may be subject to limitations agreed upon by the parties, including being qualified by disclosures for the purpose of allocating contractual risk between the parties instead of establishing matters as facts; and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors or security holders. Accordingly, investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition o

01. Other Events

Item 8.01. Other Events On June 20, 2024, the Company issued a press release announcing that the Company's Board of Directors authorized the repurchase of up to $15 million of the Company's outstanding shares of common stock. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Limited Guaranty and Indemnity Agreement 99.1 Press Release of the Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Dated: June 24, 2024 By: /s/ Charles Youakim Charles Youakim Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR