# EDGAR Filing Document

**Accession Number:** 0001901297
**File Stem:** 0001493152-25-014988
**Filing Date:** 2025-9
**Character Count:** 6395
**Document Hash:** c4b6051ea371d380e6579b7bf294a1e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-014988.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001493152-25-014988

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250917

**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**: 20250925

**DATE AS OF CHANGE**: 20250925

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZRCN Inc.
- **CENTRAL INDEX KEY:** 0001901297
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 832756695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56380
- **FILM NUMBER:** 251344863

**BUSINESS ADDRESS:**
- **STREET 1:** 165 BROADWAY, FL 23
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006
- **BUSINESS PHONE:** (212) 602 1188

**MAIL ADDRESS:**
- **STREET 1:** 165 BROADWAY, FL 23
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZRCN, Inc.
- **DATE OF NAME CHANGE:** 20230421

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Harmony Energy Technologies Corp
- **DATE OF NAME CHANGE:** 20211223

?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): **September 17, 2025**

**ZRCN Inc.**

(Exact name of Registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **000-56380** | **83-2756695** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

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**1580 Dell Avenue, Campbell, CA 95008**

(Address of principal executive offices and zip code)

**(408) 963-4550**

Registrant's telephone number, including area code:

(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 (<u>see</u> General Instruction A.2. below):

☐ 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 under Section 12(b) of the Exchange Act: None

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| N/A | N/A | N/A |

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Securities registered under Section 12(g) of the Exchange Act:

Common Stock, par value $0.0001 per share

(Title of class)

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 announced, on July 15, 2025, ZRCN, Inc. (the "Company"), and its wholly owned subsidiary, Zircon Corporation ("Zircon"), and its affiliates, Zircon de Mexico, S.A. de C.V. and Zircon Corporation Ltd. (collectively the "Affiliates"), entered into a forbearance agreement and first amendment to Credit Agreement (the "Forbearance Agreement") with FGI Worldwide LLC, as Agent for the lender ("Lender") amending, modifying and other wise affecting that certain Revolving Credit Agreement, dated May 31, 2024 (the "Credit Agreement"). The Forbearance Agreement, among other things, required the Company to maintain certain minimum consolidated EBITDA through the Forbearance Period (the "EBITDA Covenant").

On September 17, 2025, the Company and its Affiliates received a Notice of Default under the Credit Agreement (the "Notice") as a result of its failure to satisfy the EBITDA Covenant (the "Specified Defaults").

The Notice constitutes a notice of default under Section 10.5 of the Credit Agreement. The Notice advises, and the Credit Agreement provides, that upon the occurrence of an event of default, the Lender may exercise a variety of remedies afforded to the Lender under the Credit Agreement or by applicable law or equity, including without limitation, acceleration of the due date of the unpaid principal balance of the Credit Agreement and all accrued but unpaid interest thereon. Further, according to the Credit Agreement, the Lender may, during an event of default and in accordance with applicable law, foreclose on the Company's assets and its security interest in the Company's personal property and exercise any other remedies provided therein.

A description of the Forbearance Agreement, the Credit Agreement and related agreements are contained in the Company's reports filed with the Securities and Exchange Commission, which are incorporated herein by reference.

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

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104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES**

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

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| | | |
|:---|:---|:---|
|  | ZRCN Inc. | ZRCN Inc. |
| Date: September 25, 2025 | By: | */s/ Jeff Parsons* |
|  |  | Jeff Parsons |
|  |  | Chief Financial Officer |

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