secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001104659-25-091215
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lendway amends credit facility (temporarily to $10M) and issues $4M promissory notes to related parties at 13.5%
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- Revolver limit temporarily increased from $6M to $10M through Apr 30, 2026; interest at term SOFR + 3%-4% margin; $6.1M outstanding as of Sep 18.
- $4M unsecured promissory notes issued to Air T, AO Partners, and Gary Kohler (related parties) at 13.5% fixed, maturing June 1, 2027; proceeds for Bloomia operations.
- Senior cash flow leverage ratio covenants: 4.75x for Q1 & Q2 FY2026, stepping to 2.25x by FY2028.
- Lendway required to make $4M cash equity contribution to Bloomia Acquisition subsidiary by Sep 30, 2025.
- Tulp 24.1 LLC agreement amended to fix membership interests, prioritize capital return, and exclude $4M contribution from pre-emptive rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/0001104659-25-091215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000110465925091215/ldwy-20250915x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-091215

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