Lulus in default; enters forbearance and 1-for-15 reverse stock split to avoid delisting

Lulu's Fashion Lounge Holdings, Inc.

Reverse stock split 1-for-15 approved, effective July 3, 2025, to regain Nasdaq compliance; shares reduce from 41.5M to 2.8M.
Entered forbearance agreement with Bank of America for credit agreement defaults; forbearance ends Aug 15, 2025.
Minimum liquidity reduced to $1M; company provided two term sheets for refinancing before maturity date.
Forbearance fee of $100,000 payable if not fully repaid by maturity.

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