MaxPoint Interactive, Inc. (NASDAQ:MXPT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Silicon Valley Bank (the Lender) entered into a Fifth Amendment
to Loan and Security Agreement (the Fifth Loan Amendment),
amending that certain Loan and Security Agreement, dated as of
June 12, 2014, as amended by that certain First Amendment to Loan
and Security Agreement, dated as of February 12, 2015, as further
amended by that certain Second Amendment to Loan and Security
Agreement, dated as of March 8, 2016, as further amended by that
certain Third Amendment to Loan and Security Agreement, dated as
of September 30, 2016, and as further amended by that certain
Fourth Amendment to Loan and Security Agreement, dated as of
March 22, 2017. to the Fifth Loan Amendment, the Lender agreed
to, among other things: (i.) extend the maturity date to June 30,
2019; (ii.) adjust the borrowing base calculation to be (a.)
eighty-five percent (85%) of eligible accounts receivable, plus
(b.) the lesser of (I.) seventy-five percent (75%) of eligible
unbilled accounts or (II.) twelve million two hundred fifty
thousand dollars ($12,250,000.00), plus seventy-five percent
(75%) of eligible foreign accounts; and (iii.) change the amounts
related to the Company’s financial covenants regarding specified
quarterly adjusted EBITDA requirements, as defined.
its entirety by reference to the complete copy of the Fifth
Amendment, which is filed as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Form 8-K is incorporated herein by reference.
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Exhibit
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No.
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Description
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10.1
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Fifth Amendment to Loan and Security Agreement, dated
June 26, 2017, between the Registrant and Silicon Valley Bank. |
MaxPoint Interactive, Inc. ExhibitEX-10.1 2 mxpt06292017-ex101.htm EXHIBIT 10.1 Exhibit Exhibit 10.1FIFTH AMENDMENTTO LOAN AND SECURITY AGREEMENTThis Fifth Amendment to Loan and Security Agreement (this “Amendment”) is entered into this 26th day of June,…To view the full exhibit click here About MaxPoint Interactive, Inc. (NASDAQ:MXPT)
MaxPoint Interactive, Inc. is a marketing technology company. The Company provides business intelligence and marketing automation solution. The Company’s MaxPoint Intelligence Platform is a cloud-based software service that enables to predict local demand for national brands based on consumers’ purchase power and intent and manage customized digital advertisements containing in-store offers and promotions to reach consumers at a local level across display, mobile, social and video channels. Through marketing automation and direct integrations with real-time bidding (RTB) exchanges, the Company’s platform delivers customized digital advertisements containing product and store specific promotions to local consumers. The Company’s customers are located in the United States and Europe, and consist of enterprises with national brands in the consumer products, retail, automotive, financial services, healthcare, telecommunications and entertainment industries.