The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Nogin, Inc. on April 11, 2024. As per the order, the debtor has been authorized to obtain a credit facility in an additional amount of $3 million from B. Riley Principal Investments, LLC. The total individual commitments of BRF Finance Co., LLC is $24.47 million and of B. Riley Securities, Inc. is $13.23 million.

The total DIP financing obtained by the debtor would now be in the amount of $37.7 million. The DIP facility would now mature on June 5, 2024.