false
0001080340
0001080340
2026-02-24
2026-02-24
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): February 24 2026
Manhattan
Bridge Capital, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
| New
York |
|
000-25991 |
|
11-3474831 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
| 60
Cutter Mill Road, Great Neck, NY |
|
11021 |
| (Address
of Principal Executive Offices) |
|
(Zip
Code) |
(516)
444-3400
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K 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 Section 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 |
| Common
Shares, par value $0.001 per share |
|
LOAN |
|
The
Nasdaq Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in 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 ☐
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
February 24, 2026, Manhattan Bridge Capital, Inc. (the “Company”) entered into an amendment (the “Amendment”)
to its Amended and Restated Credit and Security Agreement, as amended prior to the Amendment (the “Agreement”), among
the Company, the guarantors party thereto, Webster Bank, National Association (“Webster”), the other lenders from
time to time party thereto (the “Lenders”), and Webster, as agent for the Lenders (in such capacity, the “Agent”).
Among
other things, the Amendment (i) extended the term of the Credit Agreement through March 31, 2026; (ii) provided for the departure of
Mizrahi Tefahot Bank Ltd. as a Lender under the Agreement; and (iii) reallocated the revolving commitments of the remaining Lenders to
account for such departure.
In
connection with such reallocation, the Company executed a Second Amended and Restated Revolving Credit Note in favor of Webster increasing
the original principal amount from $15,000,000 to $22,500,000 (the “Webster Note”), which replaced the Amended
and Restated Revolving Credit Note previously delivered by the Company to Webster.
This
summary is qualified in its entirety by reference to the full text of the Amendment and the Webster Note, which are attached hereto as
Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
| Exhibit
No. |
|
Description |
| 10.1 |
|
Amendment No. 9 to Amended and Restated Credit and Security Agreement, dated February 24, 2026, among the Company, the Guarantors party thereto, the Lenders party thereto, and Webster Bank, National Association as lender and agent. |
| 10.2 |
|
Second Amended and Restated Revolving Credit Note, dated February 24, 2026, issued by the Company in favor of Webster Bank, National Association. |
| 104 |
|
Cover
Page Interactive Data File (embedded within the 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.
| |
MANHATTAN BRIDGE CAPITAL, INC. |
| |
|
|
| Date:
February 25, 2026 |
By: |
/s/
Assaf Ran |
| |
Name: |
Assaf Ran |
| |
Title: |
President and Chief
Executive Officer |
