QuickLogic Announces the Amendment and Extension of Credit Facility

Core Viewpoint - QuickLogic Corporation has successfully amended its credit facility to maintain a $20 million line of credit and extend the maturity date to December 31, 2026, enhancing operational flexibility for ongoing projects [2]. Company Overview - QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions, targeting industrial, aerospace, consumer, and computing markets [3]. Financial Update - The Eighth Amendment to the credit facility was effective March 17, 2025, allowing the company to continue its operations and support its large government contract and new eFPGA IP licenses [2]. - The maturity date of the credit facility has been extended from December 31, 2025, to December 31, 2026 [2]. Management Commentary - The Chief Financial Officer, Elias Nader, expressed satisfaction with the continued support from Heritage Bank, indicating that the extension of the credit facility provides enhanced operational flexibility [2].