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 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): August 19, 2024
DOMO, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-38553
27-3687433
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
802 East 1050 South
American Fork, UT 84003
(Address of principal executive offices, and Zip Code)
Registrant’s telephone number, including area code: (801) 899-1000
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:
Title of each classTrading symbol(s)Name of each exchange on which registered
Class B Common Stock, par value $0.001 per shareDOMOThe Nasdaq Global Market
☐Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☐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.





Item 1.01. Entry into a Material Agreement.
On August 19, 2024, Domo, Inc., a Delaware corporation (“Domo”), entered into a Second Amendment to Amended and Restated Loan and Security Agreement and Lender Joinder (the “Amendment”), which amends that certain Amended and Restated Loan and Security Agreement, dated as of August 8, 2023, as amended by that certain First Amendment to Amended and Restated Loan and Security Agreement, dated as of February 17, 2024, among Domo, Domo, Inc., a Utah corporation, the lenders that are parties thereto from time to time (collectively, the “Lenders”), Obsidian Agency Services Inc., as collateral agent for the Lenders, and Wilmington Trust, National Association, as administrative agent for the Lenders (the “Loan Agreement”).
Among other things, the Amendment amends the Loan Agreement to (i) to refinance certain credit extensions, (ii) extend the maturity date of the outstanding loans, (iii) revise interest amounts payable in cash and payable in kind and (iv) modify the financial covenants.
In connection with the Amendment, Domo issued to the Lenders warrants to purchase an aggregate of 1,022,918 shares of Domo’s Class B common stock, at an exercise price of $0.01 per share, subject to adjustment (the “Warrants”). The Warrants expire on August 19, 2028 (the “Expiration Date”). The Lenders may (i) exercise the Warrants at any time prior to the Expiration Date pursuant to the terms of the Warrants for the number of shares of Class B common stock purchased upon such exercise or (ii) in lieu of exercising such Warrant, convert the Warrants, in whole or in part, into the number of shares of Class B common stock pursuant to the terms of the Warrants prior to the Expiration Date.
The foregoing descriptions of the Amendment and the Warrants are qualified in their entirety by references to the full text of the Amendment and the form of Warrant, each of which will be filed as exhibits to Domo’s Quarterly Report on Form 10-Q for the fiscal quarter ending July 31, 2024.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 3.02. Unregistered Sales of Equity Securities.
The information set forth under Item 1.01 above is incorporated by reference into this Item 3.02. The issuance of the Warrants was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No.		Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURE
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.
DOMO, INC.
Date: August 19, 2024

By:

/s/ David Jolley
David Jolley
Chief Financial Officer




Exhibit 99.1
Domo Announces Term Loan Extended to 2028

SILICON SLOPES, Utah - August 19, 2024 - Domo, Inc. (Nasdaq: DOMO) announced that it has amended its existing debt facility. Under the terms of the amended agreement, the debt will mature in August 2028, and the overall interest rate and the annual cash interest cost have been reduced.

David Jolley, Domo’s Chief Financial Officer, commented, “Our priority is getting Domo back to growth through the prioritization of initiatives such as converting our customer base to a consumption-based pricing model and expanding our go-to-market capabilities through partnerships with other leaders in the ecosystem. We are very pleased with the continued support from funds and accounts managed by BlackRock and to modify the terms of our debt facility under what we believe are mutually beneficial terms. This amendment will allow Domo to invest in the opportunities that we believe will deliver the greatest impact for our business.”

About Domo
Domo puts data to work for everyone so they can multiply their impact on the business. Our cloud-native data experience platform goes beyond traditional business intelligence and analytics, making data visible and actionable with user-friendly dashboards and apps. Underpinned by AI, data science and a secure data foundation that connects with existing cloud and legacy systems, Domo helps companies optimize critical business processes at scale and in record time to spark the bold curiosity that powers exponential business results.

For more information, visit www.domo.com. You can also follow Domo on LinkedIn, X and Facebook.

Forward-Looking Statements
This press release contains forward-looking statements or information within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements of our Chief Financial Officer and regarding our future opportunities, growth and go-to-market capabilities. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption “Risk Factors” and elsewhere in our filings with the SEC, including, without limitation, the Annual Report on Form 10-K for the fiscal year ended January 31, 2024 filed with the SEC on March 28, 2024 and the Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2024 filed with the
1


Exhibit 99.1
SEC on June 7, 2024. All information provided in this press release is as of the date hereof, and we undertake no duty to update, republish, or revise this information unless required by law.

Contacts:
Media –
Cynthia Cowen
PR@domo.com

Investors –
Peter Lowry
IR@domo.com
2
v3.24.2.u1
Cover Page
Aug. 19, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 19, 2024
Entity Registrant Name DOMO, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-38553
Entity Tax Identification Number 27-3687433
Entity Address, Address Line One 802 East 1050 South
Entity Address, City or Town American Fork
Entity Address, State or Province UT
Entity Address, Postal Zip Code 84003
City Area Code 801
Local Phone Number 899-1000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class B Common Stock, par value $0.001 per share
Trading Symbol DOMO
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001505952
Amendment Flag false
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