GeoVax Labs, Inc. (GOVX) Form 8-K — Oct 27, 2026
$GOVXForm 8-KItems 1.01, 2.03, 3.03, 5.02, 7.01, 9.01Filed Oct 27, 2026, 9:00 AM ET0001437749-26-033566Original filing
GeoVax Labs entered a $1,000,000 unsecured revolving loan agreement with Bowery Consulting Group on October 25, 2026, bearing 12% interest and maturing in one year, with all draws subject to the Lender's sole and absolute discretion. As a condition to the loan, five directors resigned and the Lender appointed three designees — Steven Brown, Tyler O'Brien and Manpreet Uppal — giving the Lender a majority of board seats and each committee, with removal of any nominee constituting an event of default.
Key figures
- Debt Amount
- 1000000
- Interest Rate
- 12
- Maturity Date
- first anniversary of closing (one year from October 25, 2026)
- Board size
- 5
- Directors resigned
- 5
- Default rate percent
- 16
- Lender board nominees
- 3
- Cross default threshold
- 25000
- Judgment default threshold
- 25000
- Required qpeo gross proceeds
- 5000000
- Required additional financing total
- 1000000
- Required additional financing deadline
- December 31, 2026
AI analysis
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