QuickLogic Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Effective March 17, 2025, QuickLogic Corporation (the “Company”) entered into the Eighth Amendment (the “Eighth Amendment”), dated as of March 14, 2025, to their Amended and Restated Loan and Security Agreement (as amended, the “Loan Agreement”) dated December 21, 2018, with Heritage Bank of Commerce (the “Bank”). The Eighth Amendment amends the Loan Agreement to, among other things, extend the loan maturity date for one year through December 31, 2026.

 

The foregoing description of the Eighth Amendment to the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Eighth Amendment, a copy of which is attached as Exhibit 10.1 hereto.

 

 

The information set forth above in Item 1.01 is incorporated by reference herein.

 

 

On March 20, 2025, the Company issued a press release announcing that it had entered into the Eighth Amendment. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

 

 

(d) Exhibits.

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.