{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-013894","form_type":"8-K","ticker":null,"cik":"0001643988","company_name":"Loop Media, Inc.","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.549073+00:00","generated_at":"2026-05-17T06:22:22.246630+00:00","sec_items":["2.04","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Loop Media defaults on $1.935M loan; all assets to be auctioned Sep 25","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-013894","json":"https://secwatch.observer/filing/0001493152-25-013894.json","markdown":"https://secwatch.observer/filing/0001493152-25-013894.md","text":"https://secwatch.observer/filing/0001493152-25-013894.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643988/000149315225013894/0001493152-25-013894-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643988/000149315225013894/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:22:22.246630+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d267e96cc4ab9069cc1efe70b6dea3130f72190","claim":"Loop Media, Inc. reported a default on revolving credit of approximately $1.935 million with Capital Foundry Funding, LLC.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643988/000149315225013894/0001493152-25-013894-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"approximately $1.935 million"},{"label":"Counterparty","value":"Capital Foundry Funding, LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}