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Note 16 - Subsequent Events
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

16. Subsequent Events

 

On July 3, 2024, the Company extinguished its existing $530,000 Term Loan B Facility and replaced it with a $500,000 Term Loan B Facility maturing on July 3, 2031. The new Term Loan B Facility now requires quarterly installment payments equal to 0.25% of the original principal amount beginning October 2024, with a lump sum due upon maturity.

 

On August 1, 2024, the Company acquired the assets and liabilities of Ageto, LLC ("Ageto"). Ageto designs and integrates microgrid energy and control management systems and is headquartered in Fort Collins, Colorado. 

 

On August 5, 2024, the Company invested an incremental $35,000 in Wallbox N.V. to purchase an approximate additional 12% of its Class A common stock. Additionally, the Company maintains the rights to additional equity through warrants for an incremental approximate 5% ownership in Wallbox’s Class A common stock upon exercise at a fixed price with anti-dilution protections for a period of time.