[8-K] Elutia Inc. Reports Material Event

Rhea-AI Filing Summary

Elutia Inc. disclosed that it entered into a Fifth Amendment to the Credit Agreement dated August 14, 2025 among Elutia Inc., SWK Funding LLC (as Agent) and the lenders party thereto. The 8-K lists this amendment as an exhibit (Exhibit 10.1) and cites Items 1.01 (entry into a material definitive agreement) and 2.03 (creation of a direct financial obligation or off-balance-sheet arrangement). The filing includes an Inline XBRL cover page (Exhibit 104). The document provides the existence and date of the amendment but does not disclose the amendment's terms, financial amounts, covenants, maturity changes, or other transactional details.

Positive

• Fifth Amendment to Credit Agreement was formally executed on August 14, 2025
• Filing includes an exhibit reference (Exhibit 10.1) and Inline XBRL cover (Exhibit 104) for verification

Negative

• Filing does not disclose financial terms, such as amounts, maturities, or covenant changes
• The entry triggers Item 2.03, indicating a new or modified financial obligation without detailed impact data

Insights

Credit Markets Analyst

TL;DR: Elutia filed a 5th amendment to its credit agreement dated August 14, 2025, creating a recorded financing obligation.

The company formally disclosed a Fifth Amendment to the Credit Agreement with SWK Funding LLC as agent and unspecified lenders, triggering Item 1.01 and Item 2.03 disclosures. This confirms a contractual change to its borrowings was executed on August 14, 2025.

Because the filing does not include the amendment's terms or dollar amounts, lenders, or covenants, investors cannot assess the amendment's impact on leverage, liquidity, or compliance from this filing alone. The exhibit references (Exhibit 10.1 and Inline XBRL Exhibit 104) indicate supporting documentation is attached, which should be reviewed for material details.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): August 15, 2025

ELUTIA INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39577		47-4790334
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

20 Firstfield Road
Gaithersburg, MD 20878

(Address of principal executive offices) (Zip Code)

(240) 247-1170 

(Registrant’s telephone number, including area code)

N/A

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share		ELUT		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

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. ¨

Item 1.01 Entry into a Material Definitive Agreement.

On August 15, 2025, Elutia Inc., a Delaware corporation (the “Company”), entered into a Fifth Amendment (the “Amendment”) to that certain Credit Agreement, dated as of August 10, 2022, by and among the Company, as Borrower, SWK Funding LLC, as Agent, and the lenders from time to time party thereto (as amended and supplemented from time to time, the “SWK Facility”). The SWK Facility provides for a senior secured term loan in an aggregate amount of $25.0 million (the “Term Loan”). The Amendment, among other things, provided that the following amounts will be capitalized into the unpaid principal balance of the Term Loan: (i) all accrued and unpaid interest due and owing to Lenders on the payment date in August 2025, (ii) a $50,000 amendment fee agreed to by the Company on June 30, 2025, and (iii) a $10,000 amendment fee to be paid pursuant to the Amendment.

The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Exhibit Description
10.1		Fifth Amendment to Credit Agreement, dated as of August 14, 2025, by and among Elutia Inc., SWK Funding LLC, as Agent, and the Lenders from time to time party thereto.
104		Cover Page Interactive Data File (formatted as Inline XBRL document)

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.

	ELUTIA INC.
	(Registrant)
Date: August 20, 2025	By:	/s/ Matthew Ferguson
	Matthew Ferguson
	Chief Financial Officer

FAQ

What did Elutia (ELUT) file on August 14, 2025?

Elutia filed an 8-K disclosing a Fifth Amendment to its Credit Agreement dated August 14, 2025 among Elutia, SWK Funding LLC (Agent), and the lenders.

Does the 8-K state the dollar amount or new loan terms for ELUT?

No. The 8-K references the amendment as an exhibit but does not disclose dollar amounts, maturities, or covenant terms within the filing text provided.

Which items of Form 8-K did Elutia cite for this filing?

The company cited Item 1.01 (entry into a material definitive agreement) and Item 2.03 (creation of a direct financial obligation or off-balance-sheet arrangement).

Where can I find the actual amendment text referenced in the 8-K?

The 8-K lists the amendment as Exhibit 10.1 and includes an Inline XBRL cover page (Exhibit 104); review those exhibits in the filing to see the amendment text.

Does the filing indicate whether lenders changed or were added?

No. The filing names SWK Funding LLC as Agent and refers to the lenders generally but does not list lender identities or changes.