---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010389"
form_type: "8-K"
ticker: "TULP"
cik: "0000875355"
company_name: "BLOOMIA HOLDINGS, INC."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:57:28.185748+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lendway closes $3.5M sale of in-store marketing business, appoints Randy Uglem as CEO, shifts to non-bank lending

## Summary
- Sold in-store advertising solutions business to TIMIBO LLC (Park Printing affiliate) for $3.5M cash, subject to escrow and adjustments.
- Randy Uglem promoted to President and CEO effective August 4, 2023, replacing Kristine Glancy who departs August 31.
- Reincorporated from Minnesota to Delaware; name changed to Lendway, Inc.; ticker changed from ISIG to LDWY.
- Pro forma Q1 2023 net loss of $510K vs historical net income $1.648M after removing sold business revenue.
- Company pivots to non-bank lending platform, initially targeting Minnesota and nearby states.

## SEC filing metadata
- accession: 0001654954-23-010389
- form_type: 8-K
- ticker: TULP
- cik: 0000875355
- company_name: BLOOMIA HOLDINGS, INC.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 3.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/0001654954-23-010389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/ldwy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010389
- JSON: https://secwatch.observer/filing/0001654954-23-010389.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010389.txt

## Key facts
- Executive change
  Kristine A. Glancy was terminated as President and Chief Executive Officer at BLOOMIA HOLDINGS, INC..
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: As previously reported, Ms. Glancy’s employment with the Company is expected to terminate effective August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/0001654954-23-010389-index.htm
- Executive change
  Randy D. Uglem was appointed as President and Chief Executive Officer at BLOOMIA HOLDINGS, INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Company’s board of directors appointed Randy D. Uglem, the Company’s Senior Vice President of Lending, to succeed Kristine A. Glancy as President and Chief Executive Officer, effective August 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/0001654954-23-010389-index.htm
- Governance Changes
  BLOOMIA HOLDINGS, INC.: Adoption of new bylaws in connection with reincorporation (effective 2023-08-04).
  - Change: bylaw amendment
  - Effective: 2023-08-04
  source text: In connection with the Reincorporation, the Company’s board of directors also adopted new bylaws (the “Bylaws”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/0001654954-23-010389-index.htm
- Governance Changes
  BLOOMIA HOLDINGS, INC.: Reincorporation from Minnesota to Delaware resulting in a new Certificate of Incorporation (effective 2023-08-04).
  - Change: charter amendment
  - Effective: 2023-08-04
  source text: Effective August 4, 2023, the Company changed its state of incorporation from the State of Minnesota to the State of Delaware (the “Reincorporation”) by means of a Plan of Conversion, effective August 4, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/875355/000165495423010389/0001654954-23-010389-index.htm

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