# EDGAR Filing Document

**Accession Number:** 0001477246
**File Stem:** 0001641172-25-020092
**Filing Date:** 2025-7
**Character Count:** 16155
**Document Hash:** 73173f9a1caa8faef0f27ac6b57cd600
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-020092.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0001641172-25-020092

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250711

**ITEM INFORMATION**: Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** S&W Seed Co
- **CENTRAL INDEX KEY:** 0001477246
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE PRODUCTION - CROPS [0100]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 271275784
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34719
- **FILM NUMBER:** 251131846

**BUSINESS ADDRESS:**
- **STREET 1:** 2101 KEN PRATT BLVD.
- **STREET 2:** SUITE 201
- **CITY:** LONGMONT
- **STATE:** CO
- **ZIP:** 80501
- **BUSINESS PHONE:** (720) 506-9191

**MAIL ADDRESS:**
- **STREET 1:** 2101 KEN PRATT BLVD.
- **STREET 2:** SUITE 201
- **CITY:** LONGMONT
- **STATE:** CO
- **ZIP:** 80501

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 11, 2025**

**S&W SEED COMPANY**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Nevada** | **001-34719** | **27-1275784** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **2101 Ken Pratt Blvd, Suite 201, Longmont, CO** | **80501** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(720) 506-9191**

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common Stock, par value $0.001 per share** | **SANW** | **The Nasdaq Capital Market** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.04** | **Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.** |

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As previously disclosed, on June 17, 2025, S&W Seed Company (the "Company") received a Notice of Event of Default and Reservation of Rights (the "Default Notice") from ABL OPCO LLC ("Mountain Ridge") under the Credit and Security Agreement, dated December 19, 2024, by and among the Company, ABL OPCO LLC ("Mountain Ridge"), as administrative agent, and the lenders party thereto (as amended to date, the "Mountain Ridge Credit Agreement"). Capitalized terms used but not otherwise defined in this Current Report on Form 8-K (this "Current Report") shall have the meanings ascribed to them in the Mountain Ridge Credit Agreement.

The Default Notice indicated that an event of default had occurred and is continuing under the Mountain Ridge Credit Agreement (the "Existing Default") due to a violation of Section 2.5(h)(1) of the Mountain Ridge Credit Agreement resulting from the Company's failure to immediately prepay the Obligations in an aggregate amount equal to the amount by which the Revolving Exposure exceeded the Borrowing Base (as reflected in the Borrowing Base Certificate most recently delivered by the Borrowers). The Obligations are secured by a first priority security interest in the Collateral, which represents substantially all of the Company's assets (subject to certain exceptions).

On July 11, 2025, the Company received a Notice of Private Disposition of Collateral under Uniform Commercial Code (the "UCC Sale Notice") from Mountain Ridge, notifying the Company that, on or after July 24, 2025, Mountain Ridge intends to offer to sell all of the Collateral (which excludes the Excluded Assets (as defined in the UCC Sale Notice)) in one or more private sales conducted in accordance with Article 9 of the Uniform Commercial Code on terms acceptable to Mountain Ridge. The UCC Sale Notice states that the aggregate principal amount of the Revolving Loans owed by the Company and the other obligors under the Mountain Ridge Credit Agreement and the related loan documents is approximately $19.0 million (exclusive of accrued and accruing interest, fees, costs, expenses, late charges, and other Obligations payable by such obligors). The Company does not have sufficient funds to repay the Obligations.

A copy of the UCC Sale Notice is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference. The description of the UCC Sale Notice herein does not purport to be complete and is qualified in its entirety by reference to Exhibit 99.1 to this Current Report.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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**(d) Exhibits.**

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | <br>**Description** |
| 99.1 | [Notice of Private Disposition of Collateral under Uniform Commercial Code, dated July 11, 2025](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: July 17, 2025 | **S&W SEED COMPANY** | **S&W SEED COMPANY** |
|  | By: | */s/ Vanessa Baughman* |
|  |  | Vanessa Baughman |
|  |  | Interim Chief Executive Officer and Chief Financial Officer |

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## Exhibit 99.1

**EXHIBIT 99.1**

**NOTICE OF PRIVATE DISPOSITION OF COLLATERAL**

**UNDER UNIFORM COMMERCIAL CODE**

Dated: July 11, 2025

**NOTICE IS HEREBY GIVEN** that sometime after 10:00 a.m. (Central Time) on July 24, 2025, ABL OPCO LLC, a Delaware limited liability company, in its capacity as administrative agent (in such capacity, together with its successors and assigns, ''Agent"), intends to offer to sell, or cause to be sold, at one or more private sales conducted in accordance with Article 9 of the Uniform Commercial Code, as enacted in the State of New York and in all other applicable jurisdictions ("UCC"), at the offices of Goldberg Kohn Ltd., located at 55 E. Monroe, Ste. 3300, Chicago, IL 60603, or to be conducted virtually as Agent may determine (collectively, the "Sale"), all of the right, title, and interest of S&W SEED COMPANY, a Nevada corporation (the "Company"), in, under, and to the "Sale Assets" (defined below).

Subject to the terms herein (capitalized terms used but not otherwise defined in this paragraph have the meanings given to them in the "Credit Agreement" (defined below)), "Sale Assets" means, collectively, all of the Collateral owned by the Company other than the "Excluded Assets" (defined below), including, without limitation, (i) Accounts, (ii) Inventory, (iii) Equipment and Fixtures, (iv) General Intangibles, Payment Intangibles, and Intellectual Property, (v) Investment Property and Pledged Equity Interests, (vi) Chattel Paper, Instruments, and Documents, (vii) Proceeds and Products of the foregoing property, and (viii) all other Collateral, in each case, capable of being sold by Agent pursuant to Section 9-610 *et seq*. of the UCC ((i) through (viii), but in all events excluding the Excluded Assets, collectively, the "Sale Assets"); <u>provided</u>, <u>however</u>, that unless otherwise expressly agreed to by Agent in writing in its discretion, the Sale Assets expressly exclude: (a) any non-assignable, non-transferrable right of Company under any "Designated Agreement" (defined below); (b) any cash and cash equivalents; (c) any claims or causes of action against Agent, any Lender, any of their respective affiliates, and various related parties; (d) any claims or causes of action of Company against any officer, director, employee, and various related parties of the Company and any "affiliates" or "insiders" (as such terms are defined in the United States Bankruptcy Code (11 U.S.C. § 101 *et seq*., as amended)) of the Company; (e) any insurance policies and proceeds, including any unearned premiums; (f) any Deposit Accounts; (g) any Commercial Tort Claims; (h) any tax credits, tax credit claims, tax refunds, tax refund claims, including any employee retention tax credits, refunds, and claims relating thereto (i.e., ERTC credits, refunds, and claims), and proceeds of the foregoing; (i) any proceeds or disbursements of any Paycheck Protection Program (PPP) loans made to or for the benefit of, or received by or on behalf of, Company or any subsidiary or affiliate thereof; (j) any books, records, seals, tax returns, and organizational documents that do not pertain to the Sale Assets; (k) any assets not capable of being sold by Agent pursuant to Section 9-610 *et seq*. of the UCC; and (l) any assets identified as Excluded Assets as that term is defined in the Credit Agreement (defined below) (collectively, "Excluded Assets"). The Sale Assets may be subject to certain additional inclusions and exclusions to be negotiated with Agent.

Pursuant to (i) that Credit and Security Agreement, dated as of December 19, 2024 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), among the Company, the lenders from time to time party thereto (collectively, together with their respective successors and assigns, "Lenders"), and Agent, and (ii) the other "Loan Documents" (defined in the Credit Agreement), Lenders have extended loans and other financial accommodations to the Company, and the Company has granted Agent continuing security interests in, among other things, the "Collateral" (defined in the Credit Agreement) to secure the full payment when due of all of the "Obligations" (defined in the Credit Agreement) under the Loan Documents. As of the open of business on July 11, 2025, the aggregate principal amount of the "Revolving Loans" (as defined in the Credit Agreement) owed by the Company and the other obligors under the Loan Documents is not less than $18,966,231.04, exclusive of all accrued and accruing interest (including interest at the default rate), fees (including fees charged at the default rate and exit fees), costs, expenses, late charges, and other Obligations (including "Hedging Obligations" (as such term is defined in the Credit Agreement), and legal fees and expenses) now or hereafter payable by such obligors. The Company and the other Loan Parties (as defined in the Credit Agreement) are in default of their obligations under the Loan Documents.

***ANY SALE OF ANY SALE ASSETS EXPRESSLY EXCLUDES CERTAIN RIGHTS UNDER DESIGNATED AGREEMENTS***. On information and belief (but without any representation or warranty of any kind by Agent as to the accuracy of the following), Company may currently operate pursuant to one or more non-residential leases of commercial property and other agreements, documents, and instruments, and which may include operating licenses and permits (collectively, "Designated Agreements"). No rights under any Designated Agreement are or will be included in the Sale Assets, except to the extent that any such rights are assignable under applicable law, including with the consent of the non-Company party as may be required.

***METHOD OF INTENDED DISPOSITION AND TERMS OF SALE***. Agent intends to offer to sell the Sale Assets by one or more private sales under the UCC on terms acceptable to Agent. The Sale Assets will be offered for sale, "AS IS, WHERE IS", "WITH ALL FAULTS", and without any recourse, representation, warranty, or guaranty of any kind or nature, whether express, implied, or statutory. Agent reserves the continuing right, at any time, to withdraw all or any portion of the Sale Assets from any Sale, cancel or postpone any Sale from time to time, and to announce such other or additional terms or conditions as Agent may determine from time to time at or prior to any Sale.

**ALL OF THE SALE ASSETS ARE AND WILL BE OFFERED FOR PURCHASE AT THE SALE ON AN "AS IS, WHERE IS" BASIS, "WITH ALL FAULTS," AND WITHOUT ANY RECOURSE, REPRESENTATION, GUARANTEE, OR WARRANTY OF ANY KIND OR NATURE WHATSOEVER, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATION, GUARANTEE, OR WARRANTY AS TO, OR RELATING TO, MERCHANT ABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, TITLE, POSSESSION, OR THE LIKE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THERE ARE NO REPRESENTATIONS, GUARANTEES, OR WARRANTIES OF ANY KIND OR NATURE WHATSOEVER, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATIONS, GUARANTEES, OR WARRANTIES OF MERCHANTABILITY, OF FITNESS FOR A PARTICULAR PURPOSE, OR OF QUIET ENJOYMENT, TITLE, POSSESSION, OR THE LIKE, MADE BY AGENT, ANY LENDER, OR ANY OTHER PERSON, AND ANY AND ALL REPRESENTATIONS, GUARANTEES, AND WARRANTIES ARE EXPRESSLY DISCLAIMED. NONE OF AGENT OR ANY LENDER WILL BE, OR WILL BE DEEMED TO BE, LIABLE OR OBLIGATED IN ANY MANNER WHATSOEVER FOR ANY CONSEQUENTIAL OR INCIDENTAL DAMAGES WHATSOEVER. NONE OF AGENT OR ANY LENDER WILL INCUR ANY FEES, COSTS OR EXPENSES, OR BE LIABLE OR RESPONSIBLE IN ANY MANNER FOR ANY LIABILITIES, WHATSOEVER WITH RESPECT TO, OR RELATED TO, THE TRANSFER, DELIVERY, OR PERFORMANCE OF ANY OF THE SALE ASSETS OR ANY TRANSACTIONS CONTEMPLATED BY ANY DOCUMENT OR INSTRUMENT EXECUTED IN CONNECTION THEREWITH.**

Agent reserves the continuing right, at its election, to cancel any Sale at any time or to cause any Sale to be adjourned from time to time, in each case, in Agent's discretion and without further notice other than by announcement at or prior to such Sale. Agent reserves all of its rights against Company, the other Loan Parties, and all other obligors for all deficiencies with respect to the Obligations that may remain after any Sale. Agent will apply proceeds received for the Sale Assets in accordance with the terms of the Loan Documents and applicable law.

Company is entitled to an accounting of the unpaid indebtedness owing by Company and the other obligors to Agent and Lenders, which accounting may be obtained free of charge by contacting Agent and its counsel.

[*Remainder of Page Intentionally Left Blank*]

**IN WITNESS WHEREOF**, this Notice of Private Disposition of Collateral Under Uniform Commercial Code is hereby authenticated and delivered as of the day and year first set forth above.

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| | |
|:---|:---|
| ABL OPCO LLC, | ABL OPCO LLC, |
| as Agent and Secured Party | as Agent and Secured Party |
| By: | */s/ Joe Curdy* |
| Name: | Joe Curdy |
| Title: | Managing Director |

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