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SoundThinking (NASDAQ: SSTI) boosts Umpqua Bank credit facility to $40M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SoundThinking, Inc. entered into a Seventh Amendment to its Credit Agreement with Umpqua Bank, extending the facility’s maturity date from October 15, 2025 to October 15, 2027 and increasing the revolving credit commitment from $25.0 million to $40.0 million. This amendment gives the company a larger committed bank line for a longer period under its existing relationship with Umpqua Bank.

Positive

  • None.

Negative

  • None.

Insights

SoundThinking secures a larger credit line with a two-year maturity extension.

SoundThinking has amended its long-standing Credit Agreement with Umpqua Bank, extending the revolver maturity from October 15, 2025 to October 15, 2027. At the same time, the revolving credit commitment increased from $25.0 million to $40.0 million, meaning the company now has access to a larger source of committed bank financing.

This type of amendment typically supports ongoing liquidity planning by locking in bank support for a longer period, though actual borrowing levels will depend on future business needs and any covenants in the full agreement. The amendment is documented as Exhibit 10.1, which will contain detailed terms such as covenants, pricing, and conditions for borrowing and repayment.

Subsequent company filings that reference this Credit Agreement, including any disclosures of outstanding borrowings or covenant compliance, will help clarify how actively the revolver is being used and how it fits into SoundThinking’s broader capital structure over the period through October 15, 2027.

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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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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 28, 2025

 

 

SoundThinking, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-38107

47-0949915

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

39300 Civic Center Dr., Suite 300

 

Fremont, California

 

94538

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 510 794-3100

(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

Common stock, par value $0.005 per share

 

SSTI

 

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 (§ 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 August 28, 2025, SoundThinking, Inc. entered into a Seventh Amendment to Credit Agreement with Umpqua Bank (the “Amendment”), which amends the terms of that certain Credit Agreement, dated as of September 27, 2018 (as amended, the “Credit Agreement”), to extend the maturity date from October 15, 2025 to October 15, 2027 and increase the revolving credit commitment from $25.0 million to $40.0 million.

The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment attached as Exhibit 10.1 hereto.

 

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

 

The information contained in Item 1.01 above with respect to entry into the Amendment is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

10.1

Seventh Amendment to Credit Agreement between Umpqua Bank and SoundThinking, Inc. dated August 28, 2025

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.

SoundThinking, Inc.

Date: September 3, 2025

By:

/s/ Ralph A. Clark

Ralph A. Clark

President and Chief Executive Officer

 

 


FAQ

What did SoundThinking (SSTI) announce in this 8-K filing?

SoundThinking, Inc. disclosed that it entered into a Seventh Amendment to its Credit Agreement with Umpqua Bank, extending the facility’s maturity and increasing the revolving credit commitment.

How did SoundThinking’s credit facility with Umpqua Bank change?

The revolving credit commitment under the amended Credit Agreement increased from $25.0 million to $40.0 million, giving SoundThinking access to a larger committed line of credit.

What is the new maturity date of SoundThinking’s credit facility?

Under the Seventh Amendment to the Credit Agreement, the maturity date was extended from October 15, 2025 to October 15, 2027.

Who is SoundThinking’s lending bank under this amended Credit Agreement?

The amended Credit Agreement is between SoundThinking, Inc. and Umpqua Bank, which provides the revolving credit commitment.

Where can investors find the full terms of the Seventh Amendment for SoundThinking (SSTI)?

The complete terms are contained in the Seventh Amendment to Credit Agreement, filed as Exhibit 10.1 to the report.

Does this 8-K create a direct financial obligation for SoundThinking?

Yes. The report states that the information about entering into the Seventh Amendment to the Credit Agreement is also provided under the item covering creation of a direct financial obligation.