S&W Seed Company
0.2167-0.11 (-34.3%)
Oct 29, 1:51:36 PM EDT · NasdaqCM · SANW · USD
Key Stats
Market Cap
465.21KP/E (TTM)
-Basic EPS (TTM)
-13.86Dividend Yield
0%Recent Filings
8-K
UCC sale of sorghum collateral
S&W Seed Company disclosed that lender Mountain Ridge signed a deal on August 1, 2025, to sell the company's sorghum business collateral to a third-party buyer for about $7.0 million in cash plus deferred payments from accounts receivable collections. This UCC private disposition follows a July notice and aims to address obligations under the December 2024 credit agreement, with the buyer assuming related liabilities. Closing awaits customary conditions. Risks include potential termination if precedents fail.
8-K
Lender to sell S&W collateral
S&W Seed Company faces escalating default on its $19.0 million revolving loan from Mountain Ridge, triggered by failing to prepay excess borrowing base exposure. The lender plans private sales of most collateral—accounts, inventory, equipment, and intangibles—starting after July 24, 2025, under UCC rules. This asset liquidation threatens core operations. Company lacks funds to repay.
8-K
S&W delists from Nasdaq voluntarily
S&W Seed Company approved voluntary delisting from Nasdaq on July 8, 2025, planning Form 25 filing around July 24 for effectiveness ten days later, followed by Form 15 on August 4 to end SEC reporting. This cuts high compliance costs amid credit defaults and staff cuts, while lenders advanced $585,431 in revolving loans under the Third Letter Agreement, capped at $1,198,000 through August 1, with an 18% interest rate and $500,000 fee. Delisting risks uncertain OTC trading. Forward-looking plans hinge on filing success.
8-K
Secures $150K emergency loans
S&W Seed Company secured $150,000 in additional revolving loans from Mountain Ridge lenders on July 1, 2025, to cover payroll and professional fees amid financial strain. The loans carry an 18% interest rate until borrowing base compliance and trigger an $85,000 default funding fee, payable upon maturity, acceleration, or asset sales. This short-term infusion highlights liquidity pressures. Yet, it buys time for operations.
8-K
Defaults trigger leadership shakeup
S&W Seed Company hit a credit snag on June 17, 2025, when lenders flagged a $180,000 borrowing base shortfall, triggering defaults on $20.9 million in revolving debt and a $4.3 million term loan. Lenders advanced $1.08 million for payroll and insurance, but at 18% interest and a matching fee, while the board axed CEO Mark Herrmann and tapped CFO Vanessa Baughman as interim. Staff slashed to seven key employees. Now eyeing asset sales or bankruptcy to salvage value.
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