Loop Media (LPTV) Accesses Capital and Reduces Prior Existing Debt

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Go back to Loop Media (LPTV) Accesses Capital and Reduces Prior Existing Debt

Loop Media Accesses Capital and Reduces Prior Existing Debt

December 18, 2023 4:15 PM EST

Insider warrant exercise and new credit facility improve balance sheet

LOS ANGELES--(BUSINESS WIRE)-- Loop Media, Inc. ("Loop®") (NYSE American: LPTV), a leading multichannel streaming platform that provides curated music video, sports, news, entertainment channels and digital signage for businesses, announced today a series of transactions resulting in the Company obtaining additional cash availability of approximately $4.0 million consisting of proceeds to the Company of approximately $1.5 million from the repricing and exercise of certain holders of warrants to purchase 1.8 million shares of Loop common stock, par value $0.0001 ("Shares") at... More