SAN JOSE, Calif., March 20, 2025 — QuickLogic Corporation (NASDAQ: QUIK), a provider of embedded FPGA (eFPGA) Hard IP, and ruggedized FPGAs, today announced that, effective March 17, 2025, it entered into an eighth amendment (the “Eighth Amendment”) to its amended and restated credit facility, dated as of Dec. 21, 2018 to maintain the line of credit and extend the maturity date.
The Eighth Amendment maintains the credit facility of $20 million and extends the maturity date from Dec. 31, 2025 to Dec. 31, 2026.
“We are pleased to have the continued support of Heritage Bank,” said Chief Financial Officer, Elias Nader. “Extending our credit facility provides us with enhanced operational flexibility as we continue execution on our large government contract, new eFPGA IP Licenses, and Storefront business while recognizing our solid results and improving business outlook.”
Additional details on the terms of the amendment are available in the 8-K filed with the Securities and Exchange Commission on March 20, 2025.
