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.

item 1.01 item 2.03 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lulu's Fashion Lounge Holdings, Inc.: Filed Certificate of Amendment to effect a 1-for-15 reverse stock split of common stock (effective 2025-07-03).

Change: charter amendment
Effective: 2025-07-03

Exact text from the filing

On June 26, 2025, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Fourth Amended and Restated Certificate of Incorporation (the "Certificate of Incorporation") with the Secretary of State of the State of Delaware to effect a 1-for-15 reverse stock split

View on SEC.gov

89 governance changes filed in the last 30 days. Browse all governance changes →

Lulu's Fashion Lounge Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-008916

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.