QuickLogic Corporation announced it entered into an eighth amendment to its amended and restated credit facility, effective March 17, 2025. The amendment maintains a $20 million credit facility.
The maturity date of the credit facility has been extended from December 31, 2025, to December 31, 2026. This extension provides QuickLogic with enhanced operational flexibility.
Chief Financial Officer Elias Nader stated that the continued support from Heritage Bank allows the company to execute on its large government contract, new eFPGA IP Licenses, and Storefront business, while recognizing solid results and an improving business outlook.
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