Simply, Inc. and its wholly owned subsidiary, Simply Mac, Inc. entered into an amendment to its November 23, 2021 $6,000,000 Loan and Security Agreement with Line Financial Corp. Under the Amendment, Simply Mac, Inc. will borrow an additional $2,800,000 to be repaid in 5 weekly principal payments of $475,000 beginning February 23, 2022 and a final payment on March 30, 2022 of $425,000. Other provisions of the Agreement, as described in the Company's Current Report on Form 8-K filed with the United States Securities and Exchange Commission on November 29, 2021, remain unchanged, with the exception of an added covenant related to the value of residual inventory.
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0.000001 USD | -99.67% | 0.00% | -99.00% |
2022 | Simply, Inc. Announces Management Resignations | CI |
2022 | Simply, Inc. Announces Termination of Vernon A. Loforti as Chief Financial Officer | CI |
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+12.15% | 144B | |
+20.63% | 104B | |
+17.19% | 83.87B | |
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- Simply, Inc. and Its Wholly Owned Subsidiary, Simply Mac, Inc. Enters into Amendment to November 23, 2021 $6,000,000 Loan and Security Agreement with Line Financial Corp