Lendway, Inc. Files 8-K/A Amendment for Financial Disclosures
Ticker: TULP · Form: 8-K/A · Filed: May 17, 2024 · CIK: 875355
| Field | Detail |
|---|---|
| Company | Lendway, Inc. (TULP) |
| Form Type | 8-K/A |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, financial-statements, disclosure
TL;DR
Lendway filed an amendment to its 8-K to add missing financial statements for Bloomia. Investors get the full picture now.
AI Summary
Lendway, Inc. filed an amendment (8-K/A) on May 17, 2024, to its original Form 8-K filed on February 26, 2024. This amendment is to include omitted financial statements of Bloomia and required pro forma financial information, as mandated by Item 9.01 of Form 8-K. The original disclosures remain unchanged.
Why It Matters
This filing provides crucial financial details about Bloomia and pro forma information, which are essential for investors to fully understand the financial implications of recent events or transactions involving Lendway, Inc.
Risk Assessment
Risk Level: low — This is an amendment to provide previously omitted financial disclosures, not a new material event.
Key Players & Entities
- LENDWAY, INC. (company) — Filer
- INSIGNIA SYSTEMS INC/MN (company) — Former Company Name
- Bloomia (company) — Acquired or related entity for financial statements
- February 26, 2024 (date) — Date of Original 8-K Filing
- May 17, 2024 (date) — Date of 8-K/A Filing
FAQ
What specific financial statements were omitted from the original Form 8-K filing?
The filing states that the financial statements of Bloomia were omitted.
What is the purpose of this 8-K/A filing?
The purpose is to amend the original Form 8-K filed on February 26, 2024, to include the required financial statements of Bloomia and pro forma financial information.
When was the original Form 8-K filed?
The original Form 8-K was filed on February 26, 2024.
Does this amendment change any of the original disclosures made in the February 26, 2024 report?
No, the filing explicitly states that except as provided in the amendment, the disclosures made in the Original Report remain unchanged.
What item of Form 8-K requires the inclusion of these financial statements?
Item 9.01 of Form 8-K requires the disclosure of financial statements and pro forma information.
Filing Stats: 944 words · 4 min read · ~3 pages · Grade level 7.7 · Accepted 2024-05-17 17:29:46
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share LDWY The Nasdaq Stock Mar
Filing Documents
- ldwy_8ka.htm (8-K/A) — 35KB
- ldwy_ex231.htm (EX-23.1) — 3KB
- ldwy_ex992.htm (EX-99.2) — 434KB
- ldwy_ex993.htm (EX-99.3) — 390KB
- ldwy_ex992img9.jpg (GRAPHIC) — 65KB
- ldwy_ex992img16.jpg (GRAPHIC) — 72KB
- ldwy_ex992img15.jpg (GRAPHIC) — 30KB
- ldwy_ex992img14.jpg (GRAPHIC) — 35KB
- ldwy_ex992img13.jpg (GRAPHIC) — 63KB
- ldwy_ex992img12.jpg (GRAPHIC) — 101KB
- ldwy_ex992img11.jpg (GRAPHIC) — 29KB
- ldwy_ex992img10.jpg (GRAPHIC) — 36KB
- 0001654954-24-006618.txt ( ) — 1661KB
- ldwy-20240220.xsd (EX-101.SCH) — 6KB
- ldwy-20240220_lab.xml (EX-101.LAB) — 15KB
- ldwy-20240220_cal.xml (EX-101.CAL) — 1KB
- ldwy-20240220_pre.xml (EX-101.PRE) — 9KB
- ldwy-20240220_def.xml (EX-101.DEF) — 2KB
- ldwy_8ka_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial Statements of Business Acquired. The consolidated financial statements of Bloomia B.V. required by Item 9.01(a) of Form 8-K are attached as Exhibit 99.2 hereto and incorporated herein by reference. (b) Pro Forma Financial Information The unaudited pro forma condensed combined balance sheet as of December 31, 2023 and the unaudited proforma condensed combined statement of operations Lendway, Inc. and Bloomia for the fiscal year ended December 31, 2023, are attached as Exhibit 99.3 hereto and incorporated herein by reference. (d) Exhibits. Exhibit No. Description 2.1* Agreement for the Sale and Purchase of Shares, dated February 21, 2024, by and among Tulp 24.1, LLC, Tulipa Acquisitie Holding B.V., Botman Bloembollen B.V., W.F. Jansen, H.J. Strengers and the Company 10.1* Bridge Loan Agreement, dated February 22, 2024, by and between Botman Bloembollen B.V., W.F. Jansen, H.J. Strengers, Tulp 24.1, LLC, Tulipa Acquisitie Holding B.V. and the Company 10.2* Bridge Loan Agreement, dated February 22, 2024, by and between Botman Bloembollen B.V. and Tulipa Acquisitie Holding B.V. 10.3* Credit Agreement, dated February 20, 2024, by and among the Company, TULP 24.1, LLC, Tulipa Acquisitie Holding B.V., Bloomia B.V., Fresh Tulips USA, LLC, and Associated Bank, N.A., a national banking association 10.4* Amended and Restated Limited Liability Company Agreement, dated February 22, 2024, by and among the Company, Tulp 24.1, LLC and Werner F. Jansen. 10.5* Management Services Agreement, dated February 22, 2024, by and between the Company and Tulp 24.1, LLC 10.6* Lease Agreement, dated July 1, 2021, by and between Horti-Group, LLC and Fresh Tulips USA, LLC dba Bloomia 23.1 Consent of Boulay PLLP 99.1 Press Release dated February 26, 2024 99.2 Audited consolidated financial statements of Bloomia B.V. and subsidiaries as of and for the two years ended June 30, 2023; unaudite
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. LENDWAY, INC. Date: May 17, 2024 By: /s/ Zackery A. Weber Zackery A. Weber Vice President of Finance 3