STOCK TITAN

Solésence extends 3 loan maturities to May 31, 2028

The amendments involve Strandler, LLC on the term loan and Beachcorp, LLC on both the A/R and revolving loan agreements.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Solésence, Inc. (SLSN) amended three loan agreements on September 30, 2026, extending each maturity date from April 30, 2027 to May 31, 2028. The amendments cover a term loan with Strandler, LLC, an A/R loan and a revolving loan with Beachcorp, LLC. Both lenders are affiliates of controlling shareholder Bradford T. Whitmore.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Loan agreements amended 3 agreements Amended on September 30, 2026
Prior maturity date April 30, 2027 Maturity date under each respective loan agreement before amendment
Amended maturity date May 31, 2028 Maturity date under each respective loan agreement after amendment
Amendment date September 30, 2026 Date Solésence entered into the amendments
Term Loan Agreement Amendment financial
"the “Term Loan Agreement Amendment”"
A/R Loan Agreement Amendment financial
"the “A/R Loan Agreement Amendment”"
Revolving Loan Agreement Amendment financial
"the “Revolving Loan Agreement Amendment”"
controlling shareholder financial
"affiliate of our controlling shareholder, Bradford T. Whitmore"
A controlling shareholder is a person or entity that holds enough voting power in a company—often a majority of votes or decisive influence through agreements—to determine its board, strategy and major decisions. For investors this matters because that control shapes corporate direction, risk and who benefits from deals; like a driver steering a car, a controlling shareholder can speed up or block changes, which can affect minority shareholders’ returns and the company’s value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When do SLSN's amended loan agreements mature?

Solésence extended the maturity date under each of the three loan agreements from April 30, 2027 to May 31, 2028.

Which lenders are party to SLSN's loan amendments?

Strandler, LLC is party to the term loan amendment, and Beachcorp, LLC is party to the A/R loan and revolving loan amendments. Both are affiliates of controlling shareholder Bradford T. Whitmore.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false 0000883107 0000883107 2026-09-30 2026-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

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): October 5, 2026 (September 30, 2026)

 

SOLESENCE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-42589   36-3687863
(State or other   (Commission   (IRS Employer
jurisdiction of   File Number)   Identification No.)
incorporation)        

 

1319 Marquette Drive

Romeoville, Illinois 60446

(Address of Principal Executive Offices) (Zip Code)

 

(630) 771-6708

(Registrant’s telephone number, including area code)

 

_______________________________

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
Common Stock, $0.01 par value per share SLSN The NASDAQ Stock Market LLC

 

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

 

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 September 30, 2026, Solésence, Inc. (the “Company”) entered into a (i) Fourth Amendment to Business Loan Agreement (the “Term Loan Agreement Amendment”) with Strandler, LLC, an affiliate of our controlling shareholder, Bradford T. Whitmore, (ii) Fourth Amendment to Amended and Restated Business Loan Agreement (the “A/R Loan Agreement Amendment”) with Beachcorp, LLC, which is also an affiliate of our controlling shareholder, Bradford T. Whitmore (“Beachcorp”), and (iii) Fourth Amendment to Business Loan Agreement with Beachcorp (the “Revolving Loan Agreement Amendment” and together with the Term Loan Agreement Amendment and the A/R Term Loan Agreement Amendment, the “Loan Agreement Amendments”).

 

The Loan Agreement Amendments extended the maturity date under each respective loan agreement from to April 30, 2027 to May 31, 2028.

 

The description of the terms and conditions of the Loan Agreement Amendments does not purport to be complete and is qualified in its entirety by the full text of the Loan Agreement Amendments, which are filed as exhibits to this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Fourth Amendment to Term Loan Agreement, dated September 30, 2026.
10.2   Fourth Amendment to A/R Loan Agreement, dated September 30, 2026.
10.3   Fourth Amendment to Revolving Loan Agreement, dated September 30, 2026.
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.

 

Dated: October 5, 2026

 

  SOLÉSENCE, INC.
   
   
   
  By: /s/ Laura Riffner
    Name: Laura Riffner
    Title: Chief Financial Officer

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Filing Exhibits & Attachments

6 documents

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