Adia Med, Inc.: repays unsecured revolving line of credit of $934,970.94

What happened Adia Med, Inc. reported that it fully repaid and discharged its unsecured revolving line of credit facility on Oct 9, 2026. The filing says the facility was originally entered into on Jun 30, 2024, with Larry Powalisz, the chief executive officer, as lender, and had been increased to a commitment of $1,000,000.

Key details

• Total paid to the lender: $934,970.94.
• Payments made: Oct 7, 2026: $500,000; Oct 9, 2026: $434,970.94 (of which $74,658.94 constituted accrued interest and the balance applied to principal).
• Interest rate: 6% per annum, calculated daily.
• The lender is a related party: Larry Powalisz, chief executive officer. The lender acknowledged that principal and accrued interest were paid in full as of Oct 9, 2026.

Why it may matter This item is reported under Item 1.02 (termination of a material definitive agreement), covering the repayment and discharge of the unsecured revolving line of credit. The filing does not show why the insider traded or why the company acted.