Other Information .
+Added: Item 1.01 Entry into a Material Definitive Agreement
+Added: On July 15, 2020, the Company and SVB entered into a First Amendment to Amended and Restated Loan and Security Agreement (Amendment), which amended that certain Amended and Restated Loan and Security Agreement, dated as of August 5, 2019, by and between the Company and SVB.
+Added: The Amendment amended the terms of the 2019 Credit Facility to (i) extend the initial 12 months interest-only period for the 2019 Term Loan to a 16 months interest-only period;
+Added: (ii) lower the floor interest rates for 2019 Term Loan and the Line of Credit Facility from 4.75% and 6.75% to 3.75 and 4.75%, respectively;
+Added: (iii) extend the 2019 Term Loan maturity date to June 1, 2023;
+Added: (iv) remove the liquidity ratio financial covenant;
+Added: (v) add a new minimum cash and availability covenant requiring the Company to maintain at all
+Added: times (tested as of the last day of each month) Cash and Availability (as defined in the Amendment) of at least $11,000,000;
+Added: and (vi) make certain other revisions to the terms of the 2019 Credit Facility as forth therein.
+Added: In conjunction with entering into the Amendment, on July 15, 2020, the Company issued a warrant to SVB to purchase 21,500 shares of the Company’s common stock at an exercise price of $0.01 per share.
+Added: The warrant expires on July 15, 2025.
EXHIBIT INDE X
3 unchanged sentences
Amendment to Amended and Restated Certificate of Incorporation
−Removed: Form of Common Stock Certificate of the Company
−Removed: Amended and Restated Warrant to Purchase Common Stock, dated as of August 5, 2019, between the Company and Silicon Valley Bank
+Added: Amended and Restated Bylaws
Warrant to Purchase Common Stock, dated as of July 15, 2020, between the Company and Silicon Valley Bank
−Removed: Reference is made to Exhibits 3.1, 3.2 and 3.3
−Removed: Offer Letter, dated June 5, 2020, between the Company and Daniel Berenbaum
−Removed: Amendment No.
−Removed: 9 to Lease, effective as of March 31, 2020 by and between the registrant and NXP USA, Inc.
−Removed: (formerly Freescale Semiconductor, Inc.)
−Removed: Amended and Restated Loan and Security Agreement, dated as of July 15, 2020, between the Company and Silicon Valley Bank
+Added: First Amendment to Amended and Restated Loan and Security Agreement, dated as of July 15, 2020, between the Company and Silicon Valley Bank
Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
2 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Inline XBRL Instance Document
+Added: Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
Inline XBRL Taxonomy Extension Schema Document
8 unchanged sentences
Everspin Technologies, Inc.
−Removed: August 6, 2020
+Added: November 5, 2020
/s/ Kevin Conley
1 unchanged sentence
(Duly Authorized Officer and Principal Executive Officer)
−Removed: Everspin Technologies, Inc.
−Removed: August 6, 2020
+Added: November 5, 2020
/s/ Daniel Berenbaum
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.