Filing Analysis
Material Agreement
Filed Apr 29, 2026
MEDIUM
QuickLogic Corporation entered into a $10.0 million secured revolving credit facility with Sunflower Bank, N.A. maturing in April 2029. The facility is secured by substantially all of the company's assets and is intended for working capital and general corporate purposes.
Red Flags
- The facility is secured by 'substantially all' assets, which puts the company's core intellectual property and assets at risk upon default.
- The inclusion of a specific 'Remaining Months’ Liquidity' covenant of at least seven months suggests the lender is closely monitoring the company's cash burn rate.
Key Facts
- The credit facility provides up to $10.0 million in revolving credit.
- Maturity date is set for April 24, 2029.
- Interest rate is the greater of 5.50% or the Prime Rate plus 0.50%.
- The loan is secured by a first priority security interest in substantially all assets of the Company.
- Includes a liquidity covenant requiring the Company to maintain at least seven months of 'Remaining Months’ Liquidity'.
- An annual facility fee of $30,000 is required.
Regulation FD Disclosure
Filed Mar 03, 2026
LOW
QuickLogic Corporation announced its fiscal fourth quarter 2025 financial results for the period ended December 28, 2025. The filing includes a press release and reconciliation of GAAP to non-GAAP financial measures.
Key Facts
- Reported financial results for the fiscal fourth quarter ended December 28, 2025
- Filed under Item 2.02 (Results of Operation and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- Included a press release as Exhibit 99.1 with GAAP to non-GAAP reconciliations
- The report was signed by CFO Elias Nader on March 3, 2026
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.