{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-001388","form_type":"8-K","ticker":null,"cik":"0001643988","company_name":"Loop Media, Inc.","filed_at":"2025-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.286499+00:00","generated_at":"2026-05-24T01:53:54.821506+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Loop Media enters $800K subordinated loan with Agile Capital; refinances prior debt","bullets":["$800,000 loan from Agile Capital; $157,417.50 used to repay Oct 2024 loan, $602,582.50 net for operations.","Weekly payments of $37,066.67, 30-week maturity on Oct 23, 2025; prepayment options with discounts.","Loan subordinated to future senior debt; security interest on assets but filing only upon default.","Potential additional $500,000 advance in 4-6 weeks on similar terms (9-month repayment).","Default rate: contract rate +5%; events of default include material adverse change."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-001388","json":"https://secwatch.observer/filing/0001641172-25-001388.json","markdown":"https://secwatch.observer/filing/0001641172-25-001388.md","text":"https://secwatch.observer/filing/0001641172-25-001388.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643988/000164117225001388/0001641172-25-001388-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643988/000164117225001388/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T01:53:54.821506+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":"5ff90cca62536c5899816aebecbfc0fba898fd66","claim":"Loop Media, Inc. incurred loan of $800,000.00 with Agile Capital Funding, LLC at fixed per annum rate (default rate of 5% additional upon event of default) maturing October 23, 2025.","evidence_excerpt":"Agile Collateral Agent ”). The Agile Agreement provides for the issuance by the Company of a Subordinated Secured Promissory Note (the “ Agile Note ”) in the principal amount of $800,000.00 (the “ Agile Loan ”), representing, in part, a refinancing of existing indebtedness to the Agile Lender, which, as previously reported, was incurred by the Company on October 14,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643988/000164117225001388/0001641172-25-001388-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$800,000.00"},{"label":"Counterparty","value":"Agile Capital Funding, LLC"},{"label":"Rate","value":"fixed per annum rate (default rate of 5% additional upon event of default)"},{"label":"Maturity","value":"October 23, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}