secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001654954-24-002175
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lendway acquires Bloomia for ~$47.5M cash; becomes specialty ag & finance company
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- Lendway acquired 100% of Bloomia B.V. for approximately $47.5 million cash via subsidiary Tulp 24.1.
- Lendway holds 81.4% interest in Tulp 24.1; Bloomia CEO Werner Jansen owns remaining 18.6%.
- Financing: $22.8M from Associated Bank credit facility and $15.5M in bridge loans from sellers.
- Bloomia produces over 75 million fresh cut tulip stems annually with operations in US, Netherlands, and South Africa.
- Acquisition broadens Lendway's mandate to specialty ag and finance, targeting long-term growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000165495424002175/0001654954-24-002175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000165495424002175/ldwy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-002175

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