Loop Media, Inc.: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Loop Media, Inc. reported a default on revolving credit of approximately $1.935 million with Capital Foundry Funding, LLC.

Instrument: revolving credit
Principal: approximately $1.935 million
Counterparty: Capital Foundry Funding, LLC
Event: default

Exact text from the filing

the products and proceeds thereof (collectively, the “Collateral”). As of September 1, 2025, the Borrowers had outstanding obligations under the Agreement of approximately $1.935 million (the “Obligations”). On September 5, 2025, Capital Foundry delivered a notice of its reservation of rights under the Agreement, outlining that the Borrowers were in Default under

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Source: SEC EDGAR

accession 0001493152-25-013894

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