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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):
February 20, 2026
Resolute Holdings
Management, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Delaware |
001-42458 |
33-1246734 |
(State or Other Jurisdiction
of Incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
445 Park Avenue, Suite 5B
New York, NY
(Address of Principal Executive Offices) |
10022
(Zip Code) |
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(212) 256-8405
(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, par value $0.0001 per share |
|
RHLD |
|
NYSE |
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 ☒
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 20, 2026,
Resolute Holdings Management, Inc. (“Resolute” or the “Company”), the lenders party thereto and JPMorgan
Chase Bank, N.A., as administrative agent (“JPMC”) entered into a new Credit Agreement (the “Credit
Agreement”) to replace the Company’s existing $5 million senior secured revolving facility under that certain Credit
Agreement, dated as of February 28, 2025, by and between the Company and JPMC (the “Existing Credit Agreement”), with an
upsized $30 million senior secured revolving credit facility maturing on February 20, 2031. The existing senior secured revolving
facility was undrawn prior to the refinancing and no amounts were repaid.
Under the terms of the Credit
Agreement, borrowings of the revolving loans shall bear interest at a fluctuating rate per annum equal to, at the Company’s option,
(i) a rate equal to the highest of (a) the rate of interest last quoted by the Wall Street Journal as the prime rate in the U.S., (b)
the Federal Reserve Bank of New York Rate in effect on such day plus one-half of 1%, and (c) the Term SOFR rate for a one-month interest
period commencing two (2) business days prior to such day plus 1.00% (provided that in no event shall such rate be less than 0.00% per
annum) in each case plus an applicable margin of 1.00%, or (ii) a Term SOFR based benchmark rate for the applicable interest period (provided
that in no event shall such Term SOFR rate be less than 0.00% per annum) plus an applicable margin of 2.00%.
The revolving credit facility
also has an uncommitted incremental facility equal to the greater of $10 million and 20% of EBITDA for the period of four fiscal quarters
ended on or most recently prior to incurrence of the incremental facility.
The terms of the revolving credit
facility impose financial covenants including a minimum revenue requirement and, beginning with the fiscal quarter ending March 31, 2026,
a minimum leverage ratio which shall not be greater than 3.00 to 1.00 on the last day of any fiscal quarter.
The foregoing summary of the Credit
Agreement is not complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is expected
to be filed as an exhibit to the Company’s next Quarterly Report on Form 10-Q.
Item 1.02. Termination of a Material Definitive Agreement.
The information set forth in Item 1.01 regarding the
termination of the Existing Credit Agreement is incorporated by reference herein.
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 in Item 1.01 regarding the
Credit Agreement is incorporated by reference herein.
SIGNATURE
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.
Date: February 23, 2026
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RESOLUTE HOLDINGS MANAGEMENT, INC. |
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By: |
/s/
Kurt Schoen |
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Name: |
Kurt Schoen |
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Title: |
Chief Financial Officer |
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