Current Report Filing (8-k)
23 Diciembre 2020 - 8:17AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549 FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
report (Date of earliest event reported): December 21, 2020
Commission File
Number: 0-23153
Track
Group, Inc.
(Exact
name of registrant as specified in its charter.)
Delaware
(State
or other jurisdiction of incorporation or
organization)
87-0543981
(IRS
Employer Identification No.)
200 E 5th Ave,
Suite 100, Naperville, Illinois 60563
(Address of
principal executive offices)
(877) 260-2010
(Registrant's
Telephone number)
Not Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
240.12b-2)
Emerging growth
company [ ]
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ ]
Securities
registered pursuant to Section 12(b) of the Act:
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Title of each class
Common Stock, par
value $0.0001 per share
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Name of exchange on which registered
OTCQX
Marketplace
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Item
1.01 Entry into a Material Definitive Agreement.
On
December 21, 2020, Track Group, Inc. (the "Company") and Conrent Invest S.A.,
acting on behalf of its compartment, “Safety 2” entered
into an amendment to the facility agreement (the "Amendment") originally executed by and
between the parties on December 30, 2013, as amended on June 30,
2015, July 19, 2018, February 24, 2019, and January 10, 2020 (the
“Amended Facility Agreement”), containing
certain provisions of the Company's existing $30.4 million
unsecured debt facility. The Amendment extends the maturity date
from July 1, 2021 to the earlier of July 1, 2024, or the date upon
which the Outstanding Principal Amount, as defined therein, is
repaid by the Company, (the “Maturity Date”). Furthermore, the
Amendment: (i) capitalizes the previous Unpaid Interest (as defined
in the Amended Facility Agreement) increasing the Outstanding
Principal Amount (as defined in the Amended Facility Agreement);
and (ii) decreasing the interest rate from 8% to 4%.
Disclaimer.
The
foregoing description of the Amended Facility Agreement does not
purport to be complete and is qualified, in its entirety, by
reference to the full text of the Amended Facility Agreement,
attached to this Current Report on Form 8-K as Exhibit 10.1 and
incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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Exhibit
No.
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Description
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Amendment to
Facility Agreement by and between Track Group, Inc. and Conrent
Invest S.A., acting on behalf of its compartment, “Safety
2”, dated December 21, 2020.
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Track
Group, Inc.
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Date:
December 23, 2020
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By:
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/s/
Peter
K. Poli
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Name:
Peter K. Poli
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Title:
Chief Financial Officer
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Track (QB) (USOTC:TRCK)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Track (QB) (USOTC:TRCK)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
