Loop Media, Inc.|4Mar 17, 9:50 PM ET

Cassidy Bruce A. Sr. 4

4 · Loop Media, Inc. · Filed Mar 17, 2025

Form 4

Period: 2025-02-20

Director10% Owner

Transactions

Other
Common Stock
2025-02-20$0.04/sh+26,261,905$1,103,000→ 39,640,130 total(indirect: By Excel Family Partners, LLLP)
Gift
Common Stock
2025-03-13−6,000,000→ 33,640,130 total(indirect: By Excel Family Partners, LLLP)

Holdings

Footnotes (5)

[F1]Represents the acquisition of shares of the issuer's common stock pursuant to an exchange agreement between the issuer and Excel Family Partners, LLLP ("Excel"), whereby the issuer issued to Excel a secured non-revolving line of credit promissory note in the original principal amount of $1,000,000 on or around March 28, 2024 (as amended from time to time, the "Note"), under which the total outstanding balance as of February 20, 2025 was $1,103,000 (the "Outstanding Balance"), consisting of $1,000,000 of principal and $103,000 of accrued interest. Excel and the issuer agreed that Excel would exchange the Outstanding Balance into shares of common stock of the issuer at an exchange rate equal to $0.042 per share, resulting in the total amount of shares acquired, and reported on this Form 4.
[F2]Mr. Cassidy is Manager of Excel's general partner.
[F3]Mr. Cassidy disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this Form 4 shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
[F4]Bona fide gift from Excel.
[F5]Mr. Cassidy is Manager of Eagle Investment Group, LLC.

Documents

1 file