SolarWindow Technologies, Inc. (OTCMKTS:WNDW) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement.
On January 5, 2017, SolarWindow Technologies, Inc. (the
Company) entered into a Second Amendment to
Bridge Loan Agreement (the Amendment) with Kalen
Capital Holdings, LLC, a wholly owned subsidiary of Kalen Capital
Corporation (KCH), to which KCH agreed to extend
the maturity date of the loan in the amount of $600,000 made to
the Company on March 4, 2015 from December 31, 2016 to December
31, 2017. The Amendment further provides that no event of default
has occurred as a result of the Company not paying the loan on
December 31, 2016.
The foregoing descriptions of the Amendment contained herein does
not purport to be complete and is qualified in its entirety by
reference to the full text of the Amendment filed as
Exhibit 10.1 and incorporated herein by
reference.
Item 2.03. Creation of a Direct Financial Obligation or
an Obligation Under an Off Balance Sheet Arrangement of a
Registrant
The information provided in response to Item 1.01 of this report
is incorporated by reference into this Item 2.03.
Item9.01. Financial Statements and Exhibits
|
Exhibit No. |
Description |
| 10.1 |
Second Amendment to Bridge Loan Agreement between SolarWindow Technologies, Inc. and Kalen Capital Holdings, LLC dated January 5, 2017 |
|
2 |
About SolarWindow Technologies, Inc. (OTCMKTS:WNDW)
SolarWindow Technologies, Inc. is engaged in the development of transparent electricity-generating coatings for glass and flexible plastic. The Company is developing two sustainable electricity generating systems: SolarWindow and MotionPower. The Company’s SolarWindow technology provides the ability to harvest light energy from the sun and artificial sources and generate electricity from a transparent, coating of organic photovoltaic (OPV) solar cells applied to glass and plastics. As of August 31, 2016, the Company developed seven products derived from its SolarWindow technology: SolarWindow-Commercial, SolarWindow-Structural Glass, SolarWindow-Architectural Glass, SolarWindow-Residential, SolarWindow-Flex, SolarWindow-BIPV and SolarWindow Retrofit Veneer. The Company’s MotionPower technology harvests kinetic or motion energy from vehicles when they slow down before coming to a stop and converts this captured energy into electricity. SolarWindow Technologies, Inc. (OTCMKTS:WNDW) Recent Trading Information
SolarWindow Technologies, Inc. (OTCMKTS:WNDW) closed its last trading session up +0.13 at 3.08 with 53,043 shares trading hands.
