PowerCompute, Inc. filed a Form 8-K on November 6, 2026, disclosing that it entered into a Fourth Amendment to Secured Promissory Note on November 2, 2026, extending the maturity date of a $1,250,000 loan from Brown Family Enterprises LLC by one year, to December 31, 2027.

Key Highlights

  • Amendment date: The Fourth Amendment to Secured Promissory Note was entered into on November 2, 2026, and is effective October 31, 2026.
  • Lender: The counterparty to the amendment is Brown Family Enterprises LLC.
  • Principal amount: The loan subject to the amendment carries a principal amount of $1,250,000.
  • Maturity extension: The maturity date was extended from December 31, 2026 to December 31, 2027.
  • Filing signatory: The report was signed by Richard Russell, Chief Financial Officer, on November 6, 2026.

PowerCompute Amends Secured Promissory Note with Brown Family Enterprises LLC

According to the filing, PowerCompute, Inc. (NASDAQ:PWCM) disclosed on November 6, 2026 that it had entered into a Fourth Amendment to Secured Promissory Note with Brown Family Enterprises LLC. The amendment, effective October 31, 2026 and executed on November 2, 2026, modifies the terms of an existing secured promissory note under which the company borrowed a principal amount of $1,250,000 from the lender.

The company disclosed that the sole modification described in the amendment is an extension of the loan's maturity date. The original maturity date of December 31, 2026 has been pushed out by one year to December 31, 2027. The filing does not describe any change to the principal amount, interest rate, or other terms of the note. The filing noted that the description of the Note Amendment "does not purport to be complete and is qualified in its entirety by reference to the full text of the Note Amendment," which was filed as Exhibit 10.1 to the report.

The filing also noted that the Current Report may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and that such statements are subject to risks and uncertainties. The company stated it "disclaims any intention or obligation to update or revise any forward-looking statements" unless required by law. Those statements are the company's own and are subject to its cautionary language as described in the filing.

What Was Disclosed

PowerCompute, Inc. reported the execution of a fourth amendment to a secured promissory note with Brown Family Enterprises LLC, extending the maturity of a $1,250,000 loan from December 31, 2026 to December 31, 2027, with an effective date of October 31, 2026.