Innovative Sol SEC Filings

Innovative Solutions & Support (ISSC) signed a new five-year Credit Agreement with JPMorgan Chase on 18 Jul 2025 providing up to $100 million in committed financing.

• Revolver: $30 m; availability for working capital & general corporate use.
• Initial Term Loan: $25 m drawn immediately; quarterly amortization of $0.625 m begins 30 Sep 2025.
• Delayed-Draw Term Loan: $45 m available solely for permitted acquisitions; 2.5 % quarterly amortization starts after 18 Jan 2026.

The facility replaces a $35 m PNC revolver, refinancing that debt and increasing total liquidity by $65 m. All loans mature five years from first advance and are secured by substantially all domestic assets, including the Exton, PA headquarters. Borrowings bear interest at either (i) Alternate Base Rate +0.75–1.75 % or (ii) Term SOFR +1.75–2.75 %, depending on total net leverage; default rate is +200 bp. Covenants restrict additional debt, liens, investments, dispositions and dividends; cross-default threshold is $2.5 m. ISSC may request a further $25 m in incremental commitments, subject to lender consent.

The arrangement significantly extends borrowing capacity and funds potential M&A, but increases secured leverage and exposes the company to floating-rate costs.

Schedule 13D/A Amendment No. 10 – Innovative Solutions & Support (ISSC)

Christopher Harborne and his wholly owned entity Klear Kite LLC have filed their tenth and final Schedule 13D amendment, disclosing that they now beneficially own 0 shares of ISSC, equal to 0 % of the 17,604,155 shares outstanding (as of 1 May 2025). The group therefore no longer qualifies as a 5 %-plus beneficial owner and has exited its reporting obligations under Section 13(d). The effective exit date is 10 July 2025; all sales were executed in the open market, as detailed in Exhibit 99.9 (not included in the excerpt).

Key points for investors

• Complete divestiture: Former >5 % holder has sold its entire position.
• Voting power: Both sole and shared voting/dispositive power are now zero.
• Filing purpose: Marks the end of the shareholder group’s Schedule 13D obligations (exit filing).

No operational, earnings, or strategic data are provided; the filing strictly updates ownership information.

Amendment No. 9 to Schedule 13D discloses that Klear Kite LLC and its sole member Christopher Harborne collectively own 959,327 shares of Innovative Solutions & Support Inc. (ISSC). This holding equals 5.5 % of the company’s 17,604,155 outstanding common shares (as of 1 May 2025). Both parties share voting and dispositive power over the entire position.

The amendment, dated 8 July 2025 and signed 10 July 2025, replaces Item 5 in its entirety and adds Exhibit 99.8, which lists open-market transactions executed since Amendment No. 8 (details not included in the excerpt). No other sections of the original Schedule 13D are modified. The filing confirms that Harborne (citizenship: Thailand) and Klear Kite (Delaware LLC) remain passive 5 %-plus shareholders, classified as “IN” and “OO” reporting persons, respectively.

Christopher Harborne and his wholly owned entity Klear Kite LLC have filed Amendment No. 7 to their Schedule 13D on Innovative Solutions & Support, Inc. (ISSC).

The filing discloses beneficial ownership of 1,583,411 common shares, equivalent to 9.0 % of ISSC’s 17,604,155 shares outstanding as of 1 May 2025. Both Harborne (a Thai citizen) and Klear Kite share voting and dispositive power over the full position; neither has sole voting or dispositive authority. The shares are held directly by Klear Kite and were acquired with personal (PF) and affiliate (AF) funds.

Item 5 notes that additional share transactions executed in the open market since the prior amendment (filed 25 Jun 2025) are detailed in Exhibit 99.6 (not included in the excerpt). No other changes to the original Schedule 13D were highlighted.

Innovative Solutions & Support (NASDAQ:ISSC) filed a Form 4 on 28 Jun 2025 disclosing that 10% owner Christopher Harborne, acting through Klear Kite LLC, sold 59,667 common shares on 26 Jun 2025 at an average price of $13.2102, generating roughly $0.79 million in proceeds.

After the sale, Harborne’s indirect beneficial ownership fell to 1,800,919 shares. No derivative transactions or additional material events were reported.

Innovative Solutions & Support (NASDAQ: ISSC) filed a Form 4 showing that 10% owner Christopher Harborne, through Klear Kite LLC, sold 90,655 common shares on 06/25/2025 at an average price of $12.9217, raising roughly $1.17 million.

Post-sale indirect ownership stands at 1,860,586 shares, a reduction of about 4.6% from his previous position. No derivatives were involved, and the filing does not cite a Rule 10b5-1 trading plan. The sale is material in dollar terms but the insider retains a sizeable stake, leaving control dynamics largely unchanged.