secwatch.observer — SEC 8-K summary
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Issuer:     Loop Media, Inc. (—)
CIK:        0001643988
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001641172-25-017405
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/0001641172-25-017405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643988/000164117225017405/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017405

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer