debt
confidence high
sentiment neutral
materiality 0.35
Adia Med repays CEO Larry Powalisz's $1M related-party credit line in full for $934,970.94
Adia Nutrition, Inc.
- On October 9, 2026 Adia Med fully repaid and discharged its unsecured revolving line of credit from CEO Larry Powalisz, originally dated June 30, 2024.
- Total paid to the lender was $934,970.94: $500,000 on October 7, 2026 and $434,970.94 on October 9, 2026.
- The October 9 payment included $74,658.94 of accrued interest; the balance went to principal, and the facility bore interest at 6% per annum calculated daily.
- The facility had been increased over time to a $1,000,000 commitment to accommodate the company's growth needs.
- Powalisz acknowledged via the Paid-in-Full Acknowledgment (Exhibit 10.1) that principal and interest are satisfied in full as of October 9, 2026.