BloomZ Inc. Lends $1.4M to Shareholder CyberStep, Inc.
Ticker: BLMZF · Form: 6-K · Filed: Sep 5, 2024 · CIK: 1984014
Sentiment: neutral
Topics: loan, related-party-transaction, shareholder
TL;DR
BloomZ Inc. just loaned $1.4M to its major shareholder, CyberStep, Inc. at 2% interest.
AI Summary
On August 29, 2024, BloomZ Inc. entered into a loan agreement with CyberStep, Inc., a principal shareholder, to lend CyberStep 200 million Japanese yen, approximately $1,392,879. The loan is unsecured and carries an interest rate of 2% per annum.
Why It Matters
This transaction indicates a financial relationship and potential support between BloomZ Inc. and a significant shareholder, CyberStep, Inc.
Risk Assessment
Risk Level: medium — Lending a significant amount to a principal shareholder can introduce related-party transaction risks and potential conflicts of interest.
Key Numbers
- 200 million JPY — Loan Amount (Amount lent by BloomZ Inc. to CyberStep, Inc.)
- $1.39M — Loan Amount (USD) (Approximate USD equivalent of the loan.)
- 2% — Interest Rate (Annual interest rate on the loan.)
Key Players & Entities
- BloomZ Inc. (company) — The company filing the report and providing the loan.
- CyberStep, Inc. (company) — The principal shareholder receiving the loan.
- 200 million Japanese yen (dollar_amount) — The principal amount of the loan.
- $1,392,879 (dollar_amount) — The approximate USD equivalent of the loan amount.
- August 29, 2024 (date) — The date the loan agreement was entered into.
FAQ
What is the purpose of the loan from BloomZ Inc. to CyberStep, Inc.?
The filing does not specify the purpose of the loan.
What is the maturity date of the loan?
The filing does not state the maturity date of the loan.
Are there any collateral requirements for the loan?
No, the loan is described as unsecured.
What is the relationship between BloomZ Inc. and CyberStep, Inc.?
CyberStep, Inc. is identified as one of BloomZ Inc.'s principal shareholders.
When was the loan agreement finalized?
The loan agreement was entered into on August 29, 2024.
Filing Stats: 298 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-09-05 07:08:24
Key Financial Figures
- $1,392,879 — 200 million Japanese yen (approximately $1,392,879) to CyberStep (the “Loan”).
Filing Documents
- ea0213568-6k_bloomz.htm (6-K) — 12KB
- ea021356801ex10-1_bloomz.htm (EX-10.1) — 4KB
- 0001213900-24-075780.txt ( ) — 17KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: September 5, 2024 BloomZ Inc. By: /s/ Kazusa Aranami Name: Kazusa Aranami Title: Chief Executive Officer 2 EXHIBIT INDEX Exhibit No. Description 10.1 English Translation of the Agreement by and between the Company and CyberStep dated August 29, 2024 3