---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-067490"
form_type: "8-K"
ticker: null
cik: "0001643988"
company_name: "Loop Media, Inc."
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:50:13.425030+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loop Media raises $2.45M in registered direct + private placement; CPTO steps down

## Summary
- Issued 7.875M shares + 1.777M pre-funded warrants at $0.15/sh; private placement 4.348M warrants at $0.2309; gross $2.45M.
- CPTO Liam McCallum stepped down effective May 31, 2024; remains as employee in advisory role with reduced schedule.
- Terminated at-market issuance agreement with B. Riley Securities (up to $50M) with no penalty.
- Placement agent Roth Capital receives 6.5% fee + 700K warrants at $0.25399.
- Waiver agreements with lenders reduce warrant exercise price to $0.24 and waive $500K proceeds, contingent on closing.

## SEC filing metadata
- accession: 0001104659-24-067490
- form_type: 8-K
- cik: 0001643988
- company_name: Loop Media, Inc.
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643988/000110465924067490/0001104659-24-067490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643988/000110465924067490/tm2416205d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-067490
- JSON: https://secwatch.observer/filing/0001104659-24-067490.json
- Plain text: https://secwatch.observer/filing/0001104659-24-067490.txt

## Key facts
- Executive change
  Liam McCallum departed as Chief Product and Technical Officer at Loop Media, Inc..
  - Action: stepped down
  - Role: Chief Product and Technical Officer
  source text: Effective May 31, 2024, Liam McCallum, the Company’s Co-Founder and Chief Product and Technical Officer (“CPTO”) since May 2016, stepped down from his role as CPTO, but will remain an employee of the Company working a reduced schedule on an “at-will” basis in an advisory role.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000110465924067490/0001104659-24-067490-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.