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SweepsMcGee

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SweepsMcGee

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Friday, 07/21/2017 10:13:18 PM

Friday, July 21, 2017 10:13:18 PM

Post# of 41781
This was already discussed previously, but I'm still curious about why Hercules hasn't asserted that an event of default has occurred due to the non-filing of the 10-k and 10-q (required as part of section 6.3 of the loan agreement from July 1, 2014). If Hercules did assert an event of default, Amedica would have had to file an 8-k citing Item 2.04 (Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement). No such 8-k was filed. What did Amedica do or say to convince Hercules to look the other way?
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