Transphorm : Acquisition/Asset Disposal Form 8 K

Item 1.01

Entry into a Material Definitive Agreement.

On March 1, 2024, the Company entered into a Credit and Security Agreement (the "Credit Agreement"), among the Company, Transphorm Technology, Inc., as guarantor ("Transphorm Technology"), and Parent, as lender (the "Lender"). The Credit Agreement provides for a $35.0 million delayed draw term loan facility. The Company, Transphorm Technology and Lender entered into the First Amendment, dated as of June 13, 2024, which amended the Credit Agreement to increase the principal amount of loans available to be borrowed on or prior to June 30, 2024 by $3.0 million to an aggregate of $15.0 million and to reduce the principal amount of loans available to be borrowed after June 30, 2024 and on or prior to September 30, 2024 from $6.0 million to $3.0 million.

The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-Kfiled with the Securities and Exchange Commission (the "SEC") on March 5, 2024. Such exhibit is incorporated herein by reference.