Loop Media, Inc.: debt financing — Loop Media receives default notice on Agile loans; $1,000,476 accelerated due in 7 days

Loop Media, Inc.

July 21, 2025: notice of default and acceleration from Agile Lending for failure to make payments under Loan Documents.
Accelerated aggregate amount of $1,000,476 due within seven days of the July 21 Notice.
Loans originally consisted of $660,000 note (Dec 2024) and $800,000 note (Mar 2025).
If unable to comply, Agile may pursue remedies including rights to collateral.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Loop Media, Inc. faced acceleration on loan of $800,000 with Agile Lending, LLC and Agile Capital Funding, LLC as collateral agent.

Instrument: loan
Principal: $800,000
Counterparty: Agile Lending, LLC and Agile Capital Funding, LLC as collateral agent
Event: acceleration

Exact text from the filing

of $660,000 (the “ Agile $660,000 Note ” and such loan, the “ Agile $660,000 Loan ”); and ● Subordinated Business Loan and Security Agreement dated March 25, 2025 (the “ Agile $800,000 Loan Agreement ”), evidenced by a Subordinated Secured Promissory Note in the original principal amount of $800,000 (the “ Agile $800,000 Note ” and such loan, the “ Agile

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Loop Media, Inc. faced acceleration on loan of $660,000 with Agile Lending, LLC and Agile Capital Funding, LLC as collateral agent.

Instrument: loan
Principal: $660,000
Counterparty: Agile Lending, LLC and Agile Capital Funding, LLC as collateral agent
Event: acceleration

Exact text from the filing

agent (the “ Agile Collateral Agent ” and together with Agile, the “ Lender ”): ● Subordinated Business Loan and Security Agreement dated December 27, 2024 (the “ Agile $660,000 Loan Agreement ”), evidenced by a Subordinated Secured Promissory Note in the original principal amount of $660,000 (the “ Agile $660,000 Note ” and such loan, the “ Agile

View on SEC.gov

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Source: SEC EDGAR

accession 0001641172-25-021060

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