SWK Holdings Corp — Capital/Financing Update 2021

Oct 1, 2021

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): September 27, 2021

SWK HOLDINGS CORPORATION

(Exact Name of the Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-39184	77-0435679
(Commission
File Number)	(IRS
Employer Identification No.)
14755
Preston Road , Suite 105 , Dallas , TX	75254
(Address
of Principal Executive Offices)	(Zip
Code)

(972) 687-7250

(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:

| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | | --- | --- | | o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | | o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | | o | 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 $0.001 per share | SWKH | The Nasdaq Stock Market LLC | | Preferred Stock Purchase Rights | SWKH | 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 o

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. o

Field: Page; Sequence: 1

Field: /Page

Item 1.01. Entry into a Material Definitive Agreement.

On September 27, 2021, SWK Holdings Corporation and its wholly-owned subsidiary, SWK Funding LLC, entered into the Third Amendment to Loan and Security Agreement (the “Third Amendment”) with Cadence Bank, N.A. as a lender and the administrative agent. Pursuant to the Third Amendment, the Loan and Security Agreement dated as of June 29, 2018, was amended to extend the Revolver Termination Date (as defined therein) to September 30, 2022 and increase the Revolver Commitment (as defined therein) to $22,000,000. The Third Amendment also provides for Minimum Fee Income (as defined therein) payable to Cadence Bank, N.A. of $60,000 per quarter.

Item 9.01(d). Financial Statements and Exhibits.

See Exhibit Index immediately following the signature page.

Field: Page; Sequence: 2

Field: /Page

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 thereunto duly authorized.

SWK HOLDINGS CORPORATION
By:	/s/
Winston L. Black III
	Winston L. Black III
	Chief
Executive Officer

Date: October 1, 2021

Field: Page; Sequence: 3

Field: /Page

EXHIBIT INDEX

Exhibit No.	Description
10.1	Third Amendment to Loan and Security Agreement, dated September 27, 2021, by and among SWK Holdings Corporation, SWK Funding LLC and Cadence Bank, N.A.

Field: Page; Sequence: 4

Field: /Page