LENDWAY (LDWY) Company Report

Lendway, Inc. announced a rights offering intended to significantly reduce the Company's debt and strengthen its balance sheet.
The offering aims to retire over $15 million in debt for $7.3 million, including a seller's note, with the potential to retire an additional $6.6 million in other debt.
This initiative is expected to reduce the company's overall debt by up to 40% immediately and potentially up to 70% by early Summer.
The company also plans to change its corporate name to "Bloomia Holdings, Inc." and its NASDAQ ticker symbol to TULP.

Jan 23, 2026, 1:40 PM

Lendway, Inc. Announces Q1 2026 Financial Results

LDWY

Earnings

Debt Issuance

Lendway, Inc. reported net revenue of $5.2 million for the three months ended September 30, 2025, a decrease from $6.6 million in the prior year period.
The company's net loss attributable to Lendway was $2.9 million, or $1.61 per diluted share, for the quarter, compared to a net loss of $1.1 million, or $0.64 per diluted share, in the three months ended September 30, 2024.
Operating loss for the quarter was $3.0 million, and EBITDA was a loss of $2.4 million.
As of September 30, 2025, cash and cash equivalents totaled $1.8 million, and total debt increased to $45.5 million from $34.1 million at June 30, 2025, primarily to fund the purchase of tulip bulbs.
Management anticipates revenue and gross margin to improve in the remaining quarters of fiscal year 2026 due to increased bulb inventory.

Nov 10, 2025, 9:30 PM

Lendway Amends Credit Facility and Secures $4 Million in Promissory Notes

LDWY

Debt Issuance

New Projects/Investments

Accounting Changes

Lendway, Inc. amended its Credit Agreement on September 15, 2025, temporarily increasing its revolving facility capacity from $6,000,000 to $10,000,000 until April 30, 2026. The amendment also revised interest rates and senior cash flow leverage ratio covenants.
On September 15, 2025, the company secured $4.0 million through unsecured Promissory Notes from Air T, Inc., AO Partners I, L.P., and Gary S. Kohler, with proceeds designated for the Bloomia business.
These Promissory Notes bear a fixed interest rate of 13.5% per year and are scheduled to mature on June 1, 2027.
As part of the Credit Agreement amendment, Lendway is required to make a permanent cash equity contribution of not less than $4,000,000 to Bloomia Acquisition by September 30, 2025.

Sep 18, 2025, 7:30 PM

Lendway Announces June 30, 2025 Financial Results

LDWY

Earnings

Accounting Changes

Revenue Acceleration/Inflection

Lendway, Inc. reported net revenue of $23.2 million for the three months ended June 30, 2025, and $35.6 million for the six months ended June 30, 2025, representing increases from $16.9 million and $25.0 million in the respective prior year periods.
The company achieved net income attributable to Lendway of $1.0 million, or $0.58 per diluted share, for the three months ended June 30, 2025, and $1.5 million, or $0.82 per diluted share, for the six months, a significant improvement from losses in the prior year periods.
Adjusted EBITDA increased to $2.6 million for the three months and $5.3 million for the six months ended June 30, 2025, compared to $2.0 million and $3.6 million respectively in the prior year.
Lendway's board of directors approved a change in fiscal year end from December 31 to June 30, with the company reporting a six-month transition period ending June 30, 2025. As of June 30, 2025, cash and cash equivalents were $0.9 million, working capital was $1.1 million, and total debt decreased to $34.1 million.

Aug 28, 2025, 8:20 PM

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LENDWAY (LDWY)