Noble Romans Inc 8-K, filed Jan 31, 2025
Noble Romans Inc (NROM)
About this 8-K
Noble Romans Inc filed this 8-K on January 31, 2025, reporting on events of January 28, 2025.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
Effective as of January 28, 2025, Noble Roman’s, Inc. (the “Company”) entered into an amendment (the “Amendment”) to a Senior Secured Promissory Note and Warrant Purchase Agreement, dated as of February 7, 2020 (as previously amended, the “Loan Agreement”), with Corbel Capital Partners SBIC, L.P. (“Corbel”). Pursuant to the Loan Agreement, the Company previously issued to Corbel a senior secured promissory note in the initial principal amount of $8.0 million (the “Senior Note”). The Amendment extended the maturity of the Senior Note from February 7, 2025 until April 7, 2025 which now has a balance of approximately $6.7 million. In connection with such extension, the Company agreed to pay a deferred fee of 1.5% of the loan balance, which is payable upon the earlier of the repayment or extended maturity date of the Senior Note. The Company also agreed to reimburse Corbel for certain of its expenses in preparing this extension in an amount not to exceed $4,500. The Company is currently in discussion with potential lenders and believes that the financing will be complete prior to the extended maturity date.
The foregoing description of the Amendment and the Loan Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Amendment which will be filed as an exhibit with the Company’s Form 10-Q for the quarter ended March 31, 2025.
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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: January 31, 2025
NOBLE ROMAN’S, INC. | |||
| By: | /s/ Paul W. Mobley | ||
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| Paul W. Mobley | |
Executive Chairman and | |||
Chief Financial Officer | |||
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