TECOGEN INC. Signs Material Definitive Agreement
Ticker: TGEN · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1537435
| Field | Detail |
|---|---|
| Company | Tecogen Inc. (TGEN) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, definitive-agreement
Related Tickers: TGEN
TL;DR
TGEN signed a big deal, details TBD.
AI Summary
On September 18, 2024, TECOGEN INC. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but it is classified under Item 1.01, which pertains to the entry into a material definitive agreement.
Why It Matters
This filing indicates a significant new contract or partnership for TECOGEN INC., which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- TECOGEN INC. (company) — Registrant
- September 18, 2024 (date) — Date of earliest event reported
- Item 1.01 (other) — Filing item related to material definitive agreements
FAQ
What is the nature of the material definitive agreement entered into by TECOGEN INC.?
The filing does not specify the nature of the agreement, only that it is a material definitive agreement under Item 1.01.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the agreement.
What is the effective date of this agreement?
The earliest event reported is September 18, 2024, which is the date of the report.
Are there any financial terms disclosed for this agreement?
No specific financial terms or dollar amounts related to the agreement are disclosed in this filing.
What is the significance of Item 1.01 in an 8-K filing?
Item 1.01 of an 8-K filing is used to report the entry into a material definitive agreement, not otherwise disclosed in a previous filing.
Filing Stats: 400 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2024-09-23 17:14:04
Key Financial Figures
- $500,000 — , Tecogen Inc. (the "Company") borrowed $500,000 from Mr. Earl R. Lewis, III, a director
Filing Documents
- tgen-20240918.htm (8-K) — 19KB
- tgen-20240918_g1.jpg (GRAPHIC) — 7KB
- 0001537435-24-000110.txt ( ) — 146KB
- tgen-20240918.xsd (EX-101.SCH) — 2KB
- tgen-20240918_lab.xml (EX-101.LAB) — 19KB
- tgen-20240918_pre.xml (EX-101.PRE) — 11KB
- tgen-20240918_htm.xml (XML) — 2KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On September 18, 2024, Tecogen Inc. (the "Company") borrowed $500,000 from Mr. Earl R. Lewis, III, a director and shareholder of the Company, and executed a promissory note in favor of Mr. Lewis with a maturity of one year and an interest rate of 4.57% on the terms and conditions set forth therein and the Note Subscription Agreement dated October 9, 2023, as amended.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. TECOGEN INC. By: /s/ Abinand Rangesh September 23, 2024 Abinand Rangesh, Chief Executive Officer