8-KAccepted Sep 24, 2:57 PM ET
Stewards, Inc. Terminates $1.5M Bridge Financing Agreement
Accepted (ET)
2:57 PM
Sep 24, 2026
Filed
Sep 24, 2026
Documents
12
Size
230.1 KB
Summary
Stewards, Inc. Terminates $1.5M Bridge Financing Agreement
What Happened Stewards, Inc. announced on September 21, 2026 that it and Accretiv Investment Holdings Inc. entered into a Termination and Release Agreement terminating a Promissory Note and related Security Agreement dated September 2, 2026. The original note contemplated secured short-term bridge financing of $1,500,000; however, Accretiv did not fund any portion of the loan, so no principal was ever outstanding and the agreements are now of no further force or effect.
Key Details
- Parties: Stewards, Inc. and Accretiv Investment Holdings Inc.; Termination Agreement effective September 21, 2026.
- Original financing: Promissory Note for $1,500,000 (dated Sept 2, 2026) with a fixed lender return of $75,000 that would have been payable by Nov 30, 2026 if funded.
- No funding occurred: Lender did not advance funds, no principal or lender return was earned or owed, and no default or fees arose.
- Security released: Lender irrevocably released any liens or security interests under the Security Agreement and represented no UCC or similar financing statements were filed (with obligations to terminate any later-identified filings).
- Mutual releases: Both parties granted mutual releases related to the note and contemplated financing, excluding claims for breach of the Termination Agreement or fraud/intentional misrepresentation.
Why It Matters For investors, this removes a potential short-term financing arrangement and any related security interest without cash impact to the company, because no loan proceeds were received and no termination fees are due. The filing reduces uncertainty about that specific financing arrangement and confirms Stewards has no outstanding obligation or encumbrance from this Note. This action does not speak to the company’s operating performance or other financing needs.