Cyanotech Corporation Increases Borrowing Capacity to $4.6 Million in Amended Agreement with Skywords Family Foundation

Reuters09-02

Cyanotech Corporation Increases Borrowing Capacity to $4.6 Million in Amended Agreement with Skywords Family Foundation

Cyanotech Corporation has entered into a Fifth Amendment to its existing Amended and Restated Promissory Note with Skywords Family Foundation, Inc. The amendment, effective August 29, 2025, increases the company's borrowing capacity from $4,000,000 to $4,600,000 on a revolving basis and reduces the minimum draw amount from $250,000 to $200,000. Additionally, the maturity date of the revolving credit line has been extended from April 12, 2026, to April 12, 2027. Skywords Family Foundation is controlled by Michael Davis, who is the Chairman of the Board of Directors and the largest stockholder of Cyanotech. All other terms of the promissory note remain unchanged. The full text of the amendment is filed as Exhibit 10.1 in the company's Form 8-K report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cyanotech Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-028099), on September 02, 2025, and is solely responsible for the information contained therein.

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The full text of the amendment is filed as Exhibit 10.1 in the company's Form 8-K report.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4183":"个人用品","CYAN":"赛安诺科技"},"translate_title":"Cyanotech Corporation在与Skywords Family Foundation的修订协议中将借贷能力提高至460万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CYAN":0.9},"content_text":"Cyanotech Corporation Increases Borrowing Capacity to $4.6 Million in Amended Agreement with Skywords Family Foundation\n    \n\n        Cyanotech Corporation has entered into a Fifth Amendment to its existing Amended and Restated Promissory Note with Skywords Family Foundation, Inc. The amendment, effective August 29, 2025, increases the company's borrowing capacity from $4,000,000 to $4,600,000 on a revolving basis and reduces the minimum draw amount from $250,000 to $200,000. 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