UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
| Item 1.01 | Entry into a Material Definitive Agreement. |
On April 5, 2022, Eton Pharmaceuticals, Inc. (the “Company”) amended its Credit Agreement with SWK Holdings Corporation (the “Credit Agreement”) dated as of November 13, 2019 among the Company, SWK Funding LLC, as Agent, and the financial institutions party thereto. The amendment provides for:
| (i) | a reduction of the base interest rate from LIBOR 3-month plus 10.0% to LIBOR 3-month plus 8.0%, subject to a stated LIBOR floor rate of 2.0%; | |
| (ii) | additional loan principal payments are deferred until May 15, 2023; and | |
| (iii) | an extension of the 1% loan prepayment fee from May 13, 2023 until May 13, 2024. |
The other terms and conditions of the Credit Agreement remain unchanged.
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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.
| Date: April 8, 2022 | By: | /s/ W. Wilson Troutman |
| Chief Financial Officer |
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