secwatch.observer — SEC 8-K summary
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Issuer:     Loop Media, Inc. (—)
CIK:        0001643988
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001104659-24-050683
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Media receives NYSE American deficiency notice; stockholders' deficit of $3.7M
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- Received NYSE American deficiency letter on April 23, 2024, for non-compliance with continued listing standards (Sections 1003(a)(i)-(iii)) due to stockholders' deficit of $(3.7)M as of Dec 31, 2023.
- Must submit plan of compliance by May 23, 2024, to regain compliance by October 23, 2025; stock to trade with '.BC' designation.
- Also entered into second amendment to line of credit on April 18, 2024, extending maturity to Jan 13, 2025, with monthly principal payments of $110k plus interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643988/000110465924050683/0001104659-24-050683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643988/000110465924050683/tm2412156d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050683

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