secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001654954-24-012601
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lendway enters amended delayed draw term note with Air T for up to $3.5M at 8% interest
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- Total borrowing capacity increased to $3.5M; additional $1.0M available until August 15, 2026, not revolving.
- Interest fixed at 8.0% (11% on default); matures August 15, 2029; Lender may demand payment after Feb 15, 2026.
- Lender Air T beneficially owns >10% of LDWY common stock; three LDWY directors hold executive roles at Air T.
- Related party transaction approved in advance by the Audit Committee of independent directors.
- Proceeds to fund operations, growth, and transaction fees/expenses; no closing or origination fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000165495424012601/0001654954-24-012601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000165495424012601/ldwy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012601

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