TSS, Inc. Enters Material Definitive Agreement

TL;DR

TSS, Inc. just signed a big deal, likely involving debt. Filing includes financials.

AI Summary

On September 17, 2025, TSS, Inc. entered into a material definitive agreement, likely a loan or financing arrangement, as indicated by the creation of a direct financial obligation. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates TSS, Inc. has entered into a significant financial agreement, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and the company's ability to meet them.

Key Players & Entities

• TSS, Inc. (company) — Registrant
• September 17, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 20-2027651 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 Par Value TSSI Nasdaq Capital Marke
• $5,000,000 — rovides for an incremental term loan of $5,000,000 (the "Incremental Note") to the $20,000
• $20,000,000 — 000,000 (the "Incremental Note") to the $20,000,000 term loan facility (the "Note") obtaine

Filing Documents

• tssi_8k.htm (8-K) — 26KB
• tssi_ex101.htm (EX-10.1) — 48KB
• tssi_ex102.htm (EX-10.2) — 8KB
• 0001654954-25-011027.txt ( ) — 210KB
• tssi-20250917.xsd (EX-101.SCH) — 5KB
• tssi-20250917_lab.xml (EX-101.LAB) — 14KB
• tssi-20250917_cal.xml (EX-101.CAL) — 1KB
• tssi-20250917_pre.xml (EX-101.PRE) — 9KB
• tssi-20250917_def.xml (EX-101.DEF) — 2KB
• tssi_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On September 17, 2025, VTC, L.L.C. ("VTC"), a wholly owned subsidiary of TSS, Inc. (the "Company"), completed an amendment (the "First Amendment") to the Credit Agreement (the "Credit Agreement") previously entered into on December 31, 2024, with Susser Bank ("Susser"). The First Amendment provides for an incremental term loan of $5,000,000 (the "Incremental Note") to the $20,000,000 term loan facility (the "Note") obtained as part of the Credit Agreement. The Incremental Note has the same terms as the Note, including but not limited to the interest rate, maturity date and payment terms as defined in the Credit Agreement. The Credit Agreement was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on January 7, 2025. The proceeds of the Incremental Note will be used to replenish cash reserves previously used to finance capital expenditures and to better align the long-term nature of those capital expenditures with the long-term debt financing. The foregoing description of the First Amendment and the transaction contemplated thereby, do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the First Amendment, which is included in this Current Report as Exhibit 10.1 and incorporated herein by reference, and the full text of the Credit Agreement, which is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Reference is made to the disclosure set forth under Item 1.01 above, which disclosure is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. 10.1 First Amendment to the Credit Agreement, dated September 17, 2025 10.2 Term Loan Note, dated September 17, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 S I G N A T U R E S 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. TSS, INC. By: /s/ Daniel M. Chism Daniel M. Chism Chief Financial Officer Date: September 23, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR