Loop Media, Inc.: debt financing — Loop Media receives demand for $268k immediate payment on equipment financing; faces potential repossession

Loop Media, Inc.

Received Notices of Acceleration from Alliance Funding Group demanding full balance of $268,035 due within 15 days.
Acceleration applies to two Equipment Financing Agreements dated October 9, 2024.
If unpaid, AFG may repossess equipment or initiate litigation against the Company.

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 two hundred sixty-eight thousand thirty-five dollars ($268,035) with Alliance Funding Group.

Instrument: loan
Principal: two hundred sixty-eight thousand thirty-five dollars ($268,035)
Counterparty: Alliance Funding Group
Event: acceleration

Exact text from the filing

Notices ”) from Alliance Funding Group (“ AFG ”) declaring the full remaining balance owing on the

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Source: SEC EDGAR

accession 0001641172-25-023252

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