GlassBridge repays $6M on Spiro loan, reduces principal to $4M, extends maturity to 2027

GlassBridge Enterprises, Inc.

Maker to pay $6M principal by July 31, 2025; outstanding commitment reduced to $4M.
Maturity date extended from original to January 16, 2027.
Lender is Chairman Alex Spiro; original note was $10M from July 2024.
Letter agreement deletes prior maturity definition and incorporates default acceleration provisions.

item 1.01item 9.01

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