On March 17, 2026, ZRCN Inc., a Delaware corporation, announced that it has entered into a Loan and Security Agreement with Altriarch Holdings SPV, LLC, securing a $12.5 million senior secured revolving credit facility. This facility is intended to replace the company's existing $15 million loan with FGI Worldwide, LLC, and provide additional working capital. The Loan Agreement, which matures on March 17, 2029, allows for potential increases in the credit facility by up to $5 million, subject to lender approval. The interest rate is set at the lesser of the maximum rate defined in the agreement or the 3-month term SOFR plus 8.75%. This move is expected to enhance ZRCN's financial flexibility, enabling it to pursue growth strategies both domestically and internationally. The company is also required to maintain certain financial ratios and comply with various covenants, which include limitations on incurring additional debt and engaging in transactions without lender consent. The Loan Agreement is secured by substantially all of ZRCN's assets, excluding intellectual property, and includes a limited guarantee from the company's CEO, John Stauss. This financing arrangement is seen as a strategic step to bolster ZRCN's operational execution and liquidity position, potentially leading to improved market confidence and stock performance.

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