Function(x) Inc. (NASDAQ:FNCX) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant
As previously disclosed by Function(x) Inc. (the Company) in a
Form 8-K filed on June 12, 2015, Sillerman Investment Company IV,
LLC (SIC IV), an affiliate of Robert F.X. Sillerman, our
Executive Chairman and Chief Executive Officer of the Company,
agreed to provide a Line of Credit to the Company (the Line of
Credit).
Form 8-K filed on June 12, 2015, Sillerman Investment Company IV,
LLC (SIC IV), an affiliate of Robert F.X. Sillerman, our
Executive Chairman and Chief Executive Officer of the Company,
agreed to provide a Line of Credit to the Company (the Line of
Credit).
On December 7, 2016, the Company borrowed an additional $300,000
under the Line of Credit. The principal amount now outstanding
under the Line of Credit is $2,364,586 and the Company is
entitled to draw up to an additional $2,635,414 under the Line of
Credit.
under the Line of Credit. The principal amount now outstanding
under the Line of Credit is $2,364,586 and the Company is
entitled to draw up to an additional $2,635,414 under the Line of
Credit.
Item 8.01. Other Events.
On December 8, 2016, the Company) issued a press release relating
to its compliance with Nasdaq Listing Rules 5606(b)(1) and
5605(c)(2). A copy of the press release is attached as Exhibit
99.1.
to its compliance with Nasdaq Listing Rules 5606(b)(1) and
5605(c)(2). A copy of the press release is attached as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Description
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99.1
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Press release issued December 8, 2016
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About Function(x) Inc. (NASDAQ:FNCX)
