SoundThinking Secures $25M Credit Facility
Ticker: SSTI · Form: 8-K · Filed: Sep 3, 2025 · CIK: 1351636
| Field | Detail |
|---|---|
| Company | Soundthinking, Inc. (SSTI) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.005, $25.0 million, $40.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-financing, credit-agreement, material-definitive-agreement
TL;DR
SoundThinking just inked a $25M debt deal, boosting their war chest.
AI Summary
On August 28, 2025, SoundThinking, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. This agreement involves a principal amount of $25.0 million.
Why It Matters
This new credit facility provides SoundThinking with significant financial flexibility, potentially enabling further investment in growth initiatives or operational expansion.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces leverage and repayment responsibilities, which can increase financial risk if not managed effectively.
Key Numbers
- $25.0M — Credit Facility Amount (Represents new debt financing for the company.)
Key Players & Entities
- SoundThinking, Inc. (company) — Registrant
- $25.0 million (dollar_amount) — Principal amount of credit agreement
- August 28, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by SoundThinking, Inc. on August 28, 2025?
The agreement is a credit agreement, which creates a direct financial obligation for SoundThinking, Inc.
What is the principal amount of the credit agreement?
The principal amount of the credit agreement is $25.0 million.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported is August 28, 2025.
What is the company's state of incorporation and fiscal year end?
SoundThinking, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
What was SoundThinking, Inc. formerly known as?
SoundThinking, Inc. was formerly known as ShotSpotter, Inc., with name changes occurring on August 20, 2015, May 17, 2011, and January 31, 2006.
Filing Stats: 526 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2025-09-03 16:19:59
Key Financial Figures
- $0.005 — ch registered Common stock, par value $0.005 per share SSTI The Nasdaq Stock Mar
- $25.0 million — se the revolving credit commitment from $25.0 million to $40.0 million. The foregoing descr
- $40.0 million — credit commitment from $25.0 million to $40.0 million. The foregoing description of the Ame
Filing Documents
- ssti-20250828.htm (8-K) — 48KB
- ssti-ex10_1.htm (EX-10.1) — 121KB
- 0000950170-25-112829.txt ( ) — 275KB
- ssti-20250828.xsd (EX-101.SCH) — 26KB
- ssti-20250828_htm.xml (XML) — 5KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On August 28, 2025, SoundThinking, Inc. entered into a Seventh 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, the "Credit Agreement"), to extend the maturity date from October 15, 2025 to October 15, 2027 and increase the revolving credit commitment from $25.0 million to $40.0 million. 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. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 above with respect to entry into the Amendment is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Seventh Amendment to Credit Agreement between Umpqua Bank and SoundThinking, Inc. dated August 28, 2025 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: September 3, 2025 By: /s/ Ralph A. Clark Ralph A. Clark President and Chief Executive Officer