Current Report · Items 2.04, 9.01 · 8-K
CHASE GENERAL CORP
Triggering Events That Accelerate or Increase a Direct Financial Obligation
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. On July 20, 2026, Dye Candy Company, a subsidiary of Chase General Corporation (the “Company”), received a notice of default from the current holder of its indebtedness, which indebtedness is secured by all or substantially all of the assets of Dye Candy Company.…
Disclosure sections
Item 2.04Item 2.04 - Triggering Events
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On July 20, 2026, Dye Candy Company, a subsidiary of Chase General Corporation (the “Company”), received a notice of default from the current holder of its indebtedness, which indebtedness is secured by all or substantially all of the assets of Dye Candy Company. The notice states that Dye Candy Company failed to make a required principal payment that was due on July 17, 2026. The notice indicates that the lender intends to pursue its remedies if the lender is not paid in full. The amount currently outstanding under the indebtedness is approximately $500,000. The Company and Dye Candy Company are evaluating the notice and are engaged in discussions with the lender regarding a potential resolution.