INOD Innodata Inc - 8-K

Item 1.01

Entry into a Material Definitive Agreement

The information set
forth under Item 2.03 below is hereby incorporated by reference into this Item 1.01.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant.

On March 19, 2026 (the
“Effective Date”), Innodata Inc. (the “Company”) entered into a fourth amendment (the “Amended Credit
Agreement”) to that certain Credit Agreement, dated April 4, 2023, with Wells Fargo Bank, National Association, as lender (the
“Lender”), Innodata Synodex, LLC (“Synodex”), Innodata Docgenix, LLC (“Docgenix”), Agility
PR Solutions LLC (“Solutions”) and Innodata Services, LLC (“Services” and together with the Company, Synodex,
Docgenix, and Solutions, individually, a “Borrower” and collectively, the “Borrowers”). Synodex, DocGenix, Solutions
and Services are all subsidiaries of the Company.

The Amended Credit Agreement
provides for an increased secured revolving line of credit (the “Revolving Credit Facility”) up to an amount equal to the
lesser of the borrowing base and $50.0 million (the “Maximum Credit”), and a new maturity date of April 4, 2029
(the “Maturity Date”).

As of the Effective Date the
Revolving Credit Facility’s borrowing base is calculated in accordance with the terms of the Amended Credit Agreement and on the
basis of (i) 85% of eligible accounts (other than eligible foreign accounts and unbilled accounts), plus (ii) 85% of eligible
government prime accounts (other than eligible foreign accounts and unbilled accounts), plus (iii)  the lesser of (a) 80% of
eligible accounts that are unbilled accounts and (b) 30% of all eligible accounts, plus (iv) the lesser of (a) 85% of eligible
foreign accounts from accounts in a tier 1 country, (b) 20% of all eligible accounts, and (c) $5.0 million, minus (iv) reserves.
As of December 31, 2025, such borrowing base calculation would equal approximately $30.0 million. The Company is entering into the
Amended Credit Agreement to have increased access to capital to support anticipated growth with new and existing customers. Increases
in accounts receivables from these anticipated opportunities would increase the borrowing base calculation under the Revolving Credit
Facility.

The foregoing description
of the Amended Credit Agreement, is qualified in its entirety by reference to the Amended Credit Agreement, a copy of which is filed herewith
as Exhibit 10.1 and incorporated herein by reference.

Item 9.01

Exhibits

(d) Exhibits

Exhibit

No.

Description

10.1

Fourth Amendment to the Credit Agreement, dated as of March 19, 2026, to Credit Agreement dated as of April 4, 2023, by and among Innodata Inc., Innodata Synodex, LLC, Innodata Docgenix, LLC, Agility PR Solutions LLC, and Innodata Services, LLC as borrowers, and Wells Fargo Bank, National Association, as lender.

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