The repayment of the CEO's credit facility removes a related-party debt but also eliminates a flexible funding source. Monitor upcoming quarterly filings for cash position and any new financing arrangements.
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Executive Summary
Adia Med, Inc. fully repaid and discharged a $1,000,000 unsecured revolving line of credit from its CEO, Larry Powalisz, with total payments of $934,970.94 on October 7 and 9, 2026. The facility, originally dated June 30, 2024, bore 6% interest and was satisfied in full, removing a related-party debt obligation.
Key Facts
- Adia Med fully repaid a $1,000,000 unsecured revolving line of credit from CEO Larry Powalisz
- Total payments of $934,970.94 made on October 7 and 9, 2026, including $74,658.94 in accrued interest
- Facility originally entered into on June 30, 2024, with 6% annual interest
- Related-party debt to CEO is now fully satisfied and discharged
Financial Impact
Total repayment of $934,970.94, including $74,658.94 in accrued interest, eliminating $1,000,000 related-party credit facility
Risk Factors
- Loss of a $1,000,000 revolving credit facility from the CEO may reduce financial flexibility
- No new external financing arrangement disclosed to replace the facility
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-007770 |
| Document: adia_ex1001.htm | 0001683168-26-007770 |
| Document: 0001683168-26-007770-index-headers.html | 0001683168-26-007770 |
| Document: 0001683168-26-007770-index.html | 0001683168-26-007770 |
| Document: 0001683168-26-007770.txt | 0001683168-26-007770 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $0.1300 | awaiting T+20 | — | $0.1100 (−15.38%) |
Oct 13, 2026 13d ago | 8-K | $0.1470 | awaiting T+20 | — | $0.1100 (−25.17%) |
Oct 5, 2026 20d ago | 8-K | $0.1480 | awaiting T+20 | — | $0.1100 (−25.68%) |
Oct 5, 2026 20d ago | 8-K | $0.1480 | awaiting T+20 | — | $0.1100 (−25.68%) |
Aug 24, 2026 9w ago | 8-K | $0.1170 $0.1450 | ▲ +23.93% | ▲ +23.92% | $0.1100 (−5.98%) |
US Market Status
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