Lendway Amends Bloomia Loan and Launches Rights Offering

Tip Ranks
2026.01.23 13:58
portai
I'm PortAI, I can summarize articles.

Lendway (LDWY) has amended its $12.75 million bridge loan related to the Bloomia acquisition, allowing prepayment of $7.33 million before April 15, 2026, without penalties. This move is part of a rights offering aiming to raise up to $15.5 million, potentially reducing company debt by 40-70%. The company plans to rebrand as Bloomia Holdings, Inc. with a new Nasdaq ticker, TULP. Current analyst ratings suggest a Hold with a $4.00 price target, reflecting concerns over financial performance and high debt levels.