Loop Media receives default notices on three debt facilities, lenders demand payment or threaten acceleration

Loop Media, Inc.

May 2023 secured line of credit lender demanded $300k past due; failure to pay may trigger enforcement and 500 bps interest increase.
Bellino Trust declared default on $2M convertible note (30% interest) after missed June 1 payment; may accelerate repayment.
1800 Diagonal Lending demanded $286k (150% multiplier) under four notes after missed $79k payment; converted $35k into 2.65M shares.
Company faces potential acceleration, enforcement, and dilution from further conversions; no assurance of compliance.

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