Loop Media defaults on $1.935M loan; all assets to be auctioned Sep 25

Loop Media, Inc.

Capital Foundry declared default for exceeding credit limit; outstanding obligations ~$1.935M.
Notice of disposition: public auction of substantially all collateral set for September 25, 2025.
Company intends to file Form 15 on Sep 17 to deregister securities and suspend SEC reporting.
After auction, expected that substantially all assets sold; securities may become worthless.

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