Showing material events only. Routine administrative filings — bylaw amendments, technical fund updates, procedural FD disclosures — are filtered out so the front page stays signal-dense.
Direct Digital Holdings, Inc.
Covenant Breach
confidence 85%
filed 2026-05-21
Item 1.01
The Twelfth Amendment explicitly waives the Credit Parties' noncompliance with minimum unrestricted cash, minimum consolidated EBITDA, and minimum sell-side revenue financial covenants for Q1 2026, and nonpayment of interest for April 2026. These covenant breaches and payment defaults, even if waived, represent material triggering events that accelerate financial stress and increase direct financial obligations. The amendment also tightens the EBITDA covenant to $200,000 minimum for Q2 2026, signaling lender concern about the borrower's ability to maintain compliance.
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SpringBig Holdings, Inc.
Covenant Breach
confidence 95%
filed 2026-05-21
Item 2.04
The filing discloses a "Notice of Default" from principal Noteholders (Shalcor Management, Inc. and Lightbank II, L.P.) with respect to the Company's 2024 Secured Term Notes and 2024 Secured Convertible Notes, triggering an event of default that permits acceleration of repayment, foreclosure on assets, and suspension of the Company's voting rights in its operating subsidiary. The Lead Noteholders have exercised rights over pledged securities, resulting in removal of the CEO and appointment of interim management. The Company explicitly states it "has limited access to financial resources necessary to continue operations," indicating severe financial stress and a direct triggering event that accelerates financial obligations under Item 2.04.
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CO2 Energy Transition Corp.
Covenant Breach
confidence 45%
filed 2026-05-21
Item 2.03
Item 2.03 discloses creation of a direct financial obligation (the "First Extension Note") with acceleration provisions triggered by an "Event of Default" and prepayment restrictions requiring Sponsor consent. While the filing does not explicitly state a current default has occurred, the disclosure of acceleration triggers and restrictive covenants signals a material debt obligation with potential financial stress. The reference to Item 1.01 (which typically covers M&A or significant transactions) suggests this note arose from a material transaction, making the obligation itself material to investors.
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AIM ImmunoTech Inc.
Covenant Breach
confidence 65%
filed 2026-05-19
The filing discloses Amendment #2 to a Promissory Note with Streeterville Capital, LLC, extending the maturity date from June 30, 2026 to June 30, 2027 and adding a $10,000 extension fee. While the amendment itself is a negotiated modification rather than a breach, the need for a second extension of a debt obligation within approximately 16 months signals financial stress and inability to repay on the original schedule. The outstanding balance of $1,682,676.16 and repeated extensions suggest the company is managing liquidity constraints, which is material to investors assessing solvency risk.
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Zoomcar Holdings, Inc.
Covenant Breach
confidence 65%
filed 2026-05-19
Item 2.03
Item 2.03 discloses a direct financial obligation of $2,500,000 under the ACM Letter Agreement and related Confession of Judgment documents. While the Item 2.03 caption itself does not explicitly state a covenant breach, the reference to a "Confession of Judgment" — a legal instrument typically filed when a debtor acknowledges a debt and waives the right to defend against it — suggests an accelerated or triggered financial obligation. This is a material direct obligation that would affect investor assessment of the registrant's financial position and liquidity.
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