Item 1.01 Entry into a Material Definitive Agreement

On January 30, 2023, Allied Healthcare Products, Inc. (the "Company") entered into an amendment (the "Amendment") to the Company's Loan and Security Agreement with Summit Financial Resources, LLC ("Summit") dated effective February 27, 2017 (as previously amended, the "Credit Agreement"). The Amendment amends the Credit Agreement as follows:

- The maturity date has been amended to be February 20, 2023.

- The maximum availability has been amended to $1,500,000. The borrowing base

will be solely based on accounts receivable. The Company was required to pay

down its inventory advance line to zero balance upon execution of the Amendment

and will not be able to borrow against inventory for the remainder of the loan

term.

- The non-default interest rate will be 6.5% over the prime rate, as defined in

the Credit Agreement.

- The account administration fee is increasing to 0.6% of the outstanding balance

of the loan.

- The Company is required to engage the firm of Morris Anderson to consult

regarding the Company's operations and to manage the sale of all or

substantially all of the Company's assets. The Company is also required to

engage an intermediary to broker the sale of the Company's assets. The Company

has already engaged Morris Anderson, as previously disclosed in a Current

Report on Form 8-K filed on January 26, 2023. The Company has also already

engaged an investment banking firm to broker the sale of the Company's assets.

- The Company must provide weekly collateral updates and operate in accordance

with an agreed upon budget, subject to certain exceptions described in the

Amendment.

- Not later than February 19, 2023, the Company must (1) enter into an agreement

with a stalking horse bidder reasonably acceptable to Summit for all of the

Company's assets, (2) enter into an agreement regarding the restructuring of

the Company's business, or (3) engage an auctioneer acceptable to Summit to

manage the auction of all of the Company's machinery, equipment and inventory.

- Any sales of inventory or fixed assets are required to be used to pay down

outstanding amounts under the Credit Agreement.

- In the event the Company files bankruptcy proceedings, Summit will be entitled

to a fee of $250,000 for providing debtor in possession financing, subject to


   court approval.

The foregoing summary of the amendment to the Credit Agreement is qualified in its entirety by reference to the Sixth Amendment to Loan and Security Agreement, a copy of which is filed herewith as Exhibit 99.1, and incorporated by reference herein.

Item 8.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, on January 25, 2023, Nasdaq notified the Company that, because of the Company's failure to submit a compliance plan and its inability to file the late quarterly report for the quarter ended September 30, 2022, it has determined to delist the Company's stock. The Company does not intend to appeal this decision and the delisting is expected to be effective at the opening of business on February 3, 2023, at which time trading in the Company's stock will be suspended.

In response to stockholder inquiries, the Company is providing the following additional information. Following the close of trading on February 2, 2023, the Company's stock will not trade on Nasdaq or any other stock exchange. It is possible that brokers may make a market in the Company's stock on the OTC markets or the Pink Markets, but the Company does not intend to facilitate such trading in any way. Therefore, it is possible that after the close of trading on February 2, 2023, there will not be a market for the Company's stock. Any market that does develop for the Company's stock will likely be highly illiquid and volatile.

Item 9.01 Financial Statements and Exhibits.





 (a) Not applicable.


 (b) Not applicable.


 (c) Not applicable.


 (d) Exhibits.




  Exhibit
  Number   Description

    99.1     Sixth Amendment to Loan and Security Agreement, dated January 30,
           2023, by and between Allied Healthcare Products, Inc. and Sumit
           Financial Resources, LLC.

    99.2     Press Release, dated January 31, 2023.

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

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