---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-017405"
form_type: "8-K"
ticker: null
cik: "0001643988"
company_name: "Loop Media, Inc."
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T09:59:57.436693+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-017405
- form_type: 8-K
- cik: 0001643988
- company_name: Loop Media, Inc.
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/0001641172-25-017405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-017405
- JSON: https://secwatch.observer/filing/0001641172-25-017405.json
- Plain text: https://secwatch.observer/filing/0001641172-25-017405.txt

## Key facts
- Debt Financings
  Loop Media, Inc. faced acceleration on loan with 1800 Diagonal Lending, LLC.
  - Instrument: loan
  - Counterparty: 1800 Diagonal Lending, LLC
  - Event: acceleration
  source text: On June 20, 2025, in response to the Company’s failure to make payments due on June 16, 2025, in the aggregate amount of $79,260, which breach continued for five (5) days without cure, the Company received a notice of default and demand letter from the 1800 Diagonal Lender (the “ June 20 1800 Diagonal Lender Notice ”). The June 20 1800 Diagonal Lender Notice calls a default under the 1800 Diagonal Notes and, not accounting for the Conversions (defined below), demand was made for immediate payment of a sum representing 150% of the remaining outstanding princip
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/0001641172-25-017405-index.htm
- Debt Financings
  Loop Media, Inc. faced acceleration on convertible notes of $2,000,000 with Bellino Trust at thirty percent (30%) per annum maturing the date that is twelve (12) months after the date of issue.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: Bellino Trust
  - Rate: thirty percent (30%) per annum
  - Maturity: the date that is twelve (12) months after the date of issue
  - Event: acceleration
  source text: the Company issued a Convertible Promissory Note to the Joseph G. Bellino Trust Dated November 30, 2023 (the “ Bellino Trust ”), in the principal amount of two million dollars ($2,000,000) (the “ Bellino Trust $2M Convertible Note ”). The Bellino Trust $2M Convertible Note accrues interest at thirty percent (30%) per annum, and unless converted into common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/0001641172-25-017405-index.htm
- Debt Financings
  Loop Media, Inc. faced acceleration on term loan of $300,000 with Lender No. 1 at twelve percent (12%) maturing 2025-05-10.
  - Instrument: term loan
  - Principal: $300,000
  - Counterparty: Lender No. 1
  - Rate: twelve percent (12%)
  - Maturity: 2025-05-10
  - Event: acceleration
  source text: it at law, in equity, and pursuant to the applicable loan documents. The aggregate principal amount owed to Lender No. 1 on the Maturity Date was three hundred thousand dollars ($300,000). Pursuant to the terms of the May 2023 Secured Line of Credit Agreement, after the occurrence and during the continuance of an Event of Default thereunder (and after giving of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/0001641172-25-017405-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.