ASP Isotopes Inc. 8-KCurrent Reports (8-K / ad hoc)

Business

Item 1.01 Entry into a Material Definitive Agreement. On August 14, 2026, Renergen Limited (the “Borrower”), a wholly-owned subsidiary of ASP Isotopes Inc. (the “Company”), entered into a Second Amendment and Restatement Agreement (the “Second Amendment”) with The Standard Bank of South Africa Limited (the “Lender”). Capitalized terms which are not defined herein shall have the meanings ascribed to such terms in the Second Amendment. The Second Amendment replaced the Amended and Restated Secured Term Loan Facility Agreement (the “Prior Agreement”), dated December 12, 2025, entered into by the Borrower and the Lender. The Second Amendment provides for a secured ZAR term loan facility in an aggregate principal amount equal to ZAR230,532,658.90 (or approximately USD14,212,864.30 using a current exchange rate) (the “Commitment” or the “Loan”). Pursuant to the terms of the Second Amendment, the Commitment reflects the principal amount of the term loan facility under the Prior Agreement (ZAR155,000,000 or approximately USD 9,556,103.58 using a current exchange rate), plus all accrued unpaid interest that was capitalized and added to the principal amount of the facility under the Prior Agreement on August 14, 2026. Under the Second Amendment, the Loan matures on August 14, 2027, the first anniversary of the effective date of the Second Amendment. Interest on the Loan accrues at a per annum rate equal to the Compounded Reference Rate plus a margin of 1.46% (resulting in an effective rate of 8.31%). Upon the occurrence and during the continuance of a default, interest on overdue amounts accrues at an additional 2% per annum above the otherwise applicable rate. Under the Prior Agreement, the loan was secured by a third ranking pledge of the assets of Tetra4 Proprietary Limited, a subsidiary of the Borrower and the developer of the Virginia Gas Project (“Tetra4”) and shares held by the Borrower in Tetra4. In addition, the loan was secured by the pledge of shares of the Company’s common stock pursuant to the cession and pledge agreement, dated December 15, 2025, between NTIGT Investments Proprietary Limited ("NTIGT"), an associate of Nicholas Mitchell and Stefano Marani, and the Lender, under the terms of which NTIGT has pledged and ceded as security, but remained in possession unless called, of an aggregate of 1,546,268 shares of the Company’s common stock, to and in f