On January 25, 2022, Iteris, Inc. entered into a Credit Agreement with Capital One. The Credit Agreement provides for a $20 million revolving credit facility with a maturity date of January 25, 2026. In addition, the company has the ability from time to time to increase the revolving commitments up to an additional aggregate amount not to exceed $40 million, subject to receipt of lender commitments and certain conditions precedent.