Traders should monitor whether Bloomia can repay the remaining $2.43M by May 27, 2026 to avoid the higher interest rate on the restructured loan balance. The company's ability to service this debt is questionable given its small $7M market cap.
Price Chart
Executive Summary
Bloomia Holdings amended its bridge loan agreement to extend the discounted prepayment deadline and borrowed $1M from Gary Kohler to make the initial $4.9M payment. The company released its lenders from claims in exchange for the payment, but faces a 12% interest charge on any remaining balance not paid by May 27, 2026.
Key Financial Metrics
Key Facts
- Borrowers made an initial discounted prepayment of $4.9M on April 15, 2026
- Remaining $2.43M of discounted prepayment balance accrues 12% interest from April 16, 2026
- Full repayment deadline extended to May 27, 2026
- Company released lenders from warranty and indemnity claims in exchange for initial payment
- Bloomia borrowed $1M from Gary Kohler at 11.5% interest to fund the initial payment
Financial Impact
The company faces $2.43M in discounted prepayment balance accruing 12% interest, plus a new $1M loan at 11.5% interest
Risk Factors
- Failure to repay the remaining $2.43M by May 27, 2026 will trigger a restructured loan balance calculation
- High interest rates (11.5% and 12%) on the debt obligations
- Small market cap ($7M) relative to debt obligations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-044737 |
| Document: tulp-20260413xex10d1.htm | 0001104659-26-044737 |
| Document: tulp-20260413xex10d2.htm | 0001104659-26-044737 |
| Document: 0001104659-26-044737-index-headers.html | 0001104659-26-044737 |
| Document: 0001104659-26-044737-index.html | 0001104659-26-044737 |
| Document: 0001104659-26-044737.txt | 0001104659-26-044737 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | DEFA14A | $2.73 | awaiting T+20 | — | $2.30 (−15.60%) |
Oct 9, 2026 17d ago | DEF 14A | $2.73 | awaiting T+20 | — | $2.30 (−15.60%) |
Sep 21, 2026 5w ago | 8-K | $3.51 $2.34 | ▲ +33.33% | ▲ +32.43% | $2.30 (+34.47%) |
May 13, 2026 23w ago | 8-K | $3.92 $3.61 | ▲ +7.91% | ▲ +7.30% | $2.30 (+41.33%) |
Apr 17, 2026 27w ago | 8-K | $3.88 $3.81 | ▲ +1.80% | ▲ +7.17% | $2.30 (+40.72%) |
Apr 3, 2026 29w ago | 8-K | $3.93 $3.94 | ▲ +0.25% | ▼ −8.73% | $2.30 (−41.48%) |
US Market Status
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