secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001654954-23-010486
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lendway sells in-store marketing business for $3.5M, appoints new CEO
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- Sold in-store advertising assets for $3.5M cash (subject to adjustment) to affiliate of Park Printing; transaction closed Aug 3.
- Randy Uglem promoted to President and CEO on Aug 4, 2023; previously SVP of Lending.
- Q2 2023 net loss $36K ($0.02/share) vs loss $1.1M ($0.61/share) in Q2 2022; net sales $6.2M (+90.9%).
- Company shifts to non-bank lending, initially focused on agri-real estate secured loans; expects minimal revenue and losses from continuing ops.
- Cash and equivalents $11.5M, working capital $15.0M at June 30; continues strategic review with Chardan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000165495423010486/0001654954-23-010486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000165495423010486/ldwy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010486

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