Lendway Inc. Launches Rights Offering to Slash Debt

Reuters
Jan 26
<a href="https://laohu8.com/S/LDWY">Lendway</a> Inc. Launches Rights Offering to Slash Debt

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.

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