Lendway Inc. has announced a strategic rights offering aimed at significantly reducing its debt and strengthening its balance sheet. The company plans to use the proceeds to settle a sellers' note for a discount exceeding 50% of the outstanding balance and pay off a substantial amount of other debt. If the rights offering is successful, Lendway's overall debt could be reduced by up to 40% immediately and potentially by as much as 70% by early summer. The company also intends to change its corporate name to Bloomia Holdings, Inc. and trade under the new NASDAQ ticker symbol TULP.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lendway Inc. published the original content used to generate this news brief on January 23, 2026, and is solely responsible for the information contained therein.