SoundThinking Files 8-K on Material Agreement, Financials
Ticker: SSTI · Form: 8-K · Filed: Feb 12, 2024 · CIK: 1351636
| Field | Detail |
|---|---|
| Company | Soundthinking, Inc. (SSTI) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.005 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action, financial-filing
TL;DR
**SoundThinking just reported a new material agreement and financials, big news for investors.**
AI Summary
SoundThinking, Inc. (formerly ShotSpotter, Inc.) filed an 8-K on February 12, 2024, reporting an "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits" as of February 7, 2024. This filing indicates a significant new agreement or financial event that could impact the company's future operations and financial performance. Investors should pay close attention to the details of this agreement, as it could signal new revenue streams, strategic partnerships, or changes in the company's financial health, potentially affecting the stock's value.
Why It Matters
This filing signals a potentially significant business development for SoundThinking, Inc., which could influence its financial outlook and stock performance. Investors need to understand the nature of the 'Material Definitive Agreement' to assess its impact.
Risk Assessment
Risk Level: medium — The filing indicates a 'Material Definitive Agreement' without providing details, creating uncertainty about its potential positive or negative impact on the company.
Analyst Insight
A smart investor would await further details on the 'Material Definitive Agreement' and the accompanying financial statements to understand the full implications before making any investment decisions regarding SSTI.
Key Numbers
- 2024-02-07 — Date of earliest event reported (The date the material definitive agreement was entered into or the financial statements became relevant.)
- 001-38107 — Commission File Number (Unique identifier for SoundThinking, Inc. with the SEC.)
- 47-0949915 — IRS Employer Identification No. (SoundThinking, Inc.'s tax identification number.)
- 510 794-3100 — Registrant's Telephone Number (Contact number for SoundThinking, Inc.)
Key Players & Entities
- SoundThinking, Inc. (company) — the registrant filing the 8-K
- ShotSpotter, Inc. (company) — former name of SoundThinking, Inc.
- The NASDAQ Stock Market LLC (company) — exchange where SoundThinking's common stock is registered
- $0.005 (dollar_amount) — par value per share of common stock
Forward-Looking Statements
- SoundThinking will release more details about the 'Material Definitive Agreement' in a subsequent filing or press release. (SoundThinking, Inc.) — high confidence, target: 2024-03-31
- The 'Material Definitive Agreement' will involve a new contract with a government agency or a significant expansion into a new market. (SoundThinking, Inc.) — medium confidence, target: 2024-06-30
FAQ
What is the primary purpose of this 8-K filing by SoundThinking, Inc.?
The primary purpose of this 8-K filing is to report an "Entry into a Material Definitive Agreement" and to include "Financial Statements and Exhibits," with the earliest event reported occurring on February 7, 2024.
What was SoundThinking, Inc.'s former name, and when did it change?
SoundThinking, Inc.'s former name was ShotSpotter, Inc. The filing indicates a name change from Shotspotter Inc to ShotSpotter, Inc. on May 17, 2011, and then from ShotSpotter, Inc. to SoundThinking, Inc. on August 20, 2015.
Where is SoundThinking, Inc.'s common stock traded?
SoundThinking, Inc.'s common stock, with a par value of $0.005 per share, is traded on The NASDAQ Stock Market LLC under the trading symbol SSTI.
What is the business address of SoundThinking, Inc.?
The business address of SoundThinking, Inc. is 39300 Civic Center Dr., Suite 300, Fremont, California, 94538.
What is the significance of the 'Material Definitive Agreement' mentioned in the filing?
The filing indicates an 'Entry into a Material Definitive Agreement,' which means SoundThinking, Inc. has entered into a legally binding contract that is significant enough to require disclosure to investors. The specific details of this agreement are not provided in this summary, but it could relate to acquisitions, major contracts, debt, or other substantial business changes.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-02-12 17:03:58
Key Financial Figures
- $0.005 — ch registered Common stock, par value $0.005 per share SSTI The NASDAQ Stock Mar
Filing Documents
- ssti-20240207.htm (8-K) — 43KB
- ssti-ex10_1.htm (EX-10.1) — 67KB
- 0000950170-24-013951.txt ( ) — 233KB
- ssti-20240207.xsd (EX-101.SCH) — 26KB
- ssti-20240207_htm.xml (XML) — 5KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On February 7, 2024, SoundThinking, Inc. entered into a Sixth Amendment to Credit Agreement with Umpqua Bank (the "Amendment") which amends the terms of that certain Credit Agreement, dated as of September 27, 2018, as amended, to extend the maturity date from October 15, 2024 to October 15, 2025. The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment attached as Exhibit 10.1 hereto.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Sixth Amendment to Credit Agreement between Umpqua Bank and SoundThinking, Inc. dated February 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. SoundThinking, Inc. Date: February 12, 2024 By: /s/ Ralph A. Clark Ralph A. Clark President and Chief Executive Officer