- 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.  **[875355_0001104659-25-091215_ldwy-20250915x8k.htm:0]** **[875355_0001104659-25-091215_ldwy-20250915xex10d1.htm:2]** 
- 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.  **[875355_0001104659-25-091215_ldwy-20250915x8k.htm:1]** 
- These Promissory Notes bear a fixed interest rate of **13.5% per year** and are scheduled to mature on **June 1, 2027**.  **[875355_0001104659-25-091215_ldwy-20250915x8k.htm:1]** **[875355_0001104659-25-091215_ldwy-20250915xex10d2.htm:0]** 
- 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**.  **[875355_0001104659-25-091215_ldwy-20250915xex10d1.htm:2]**

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

- 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.  **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:0]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:1]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:5]** 
- 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.  **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:0]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:1]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:5]** 
- **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.  **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:0]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:2]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:6]** 
- 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.  **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:0]**  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**.  **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:0]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:3]** **[875355_0001558370-25-011806_ldwy-20250828xex99d1.htm:5]**

LENDWAY (LDWY)