Loop Media Inc. filed SEC Form 8-K: Events That Accelerate or Increase a Direct Financial Obligation, Financial Statements and Exhibits
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Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation Under an Off-Balance Sheet Arrangement.
On August 6, 2025, Loop Media, Inc., a Nevada corporation (the “Company”), received formal Notices of Acceleration (the “Notices”) from Alliance Funding Group (“AFG”) declaring the full remaining balance owing on the two Equipment Financing Agreements by and between the Company and AFG, each dated October 9, 2024 (the “Agreements”), immediately due and payable. AFG has demanded an aggregate amount of two hundred sixty-eight thousand thirty-five dollars ($268,035) to be paid within fifteen (15) days of the date of the Notices. If the Company is unable to comply with this demand there can be no assurance as to whether AFG will exercise its rights under the default and remedies sections of the Agreements, including repossession of equipment and/or litigation against the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: August 12, 2025 | LOOP MEDIA, INC. | |
| By: | /s/ Justis Kao | |
| Justis Kao, Interim Chief Executive Officer | ||