Firy Inc. Announces Partial Redemption of $80M Secured Notes

What Happened
Firy Inc. (formerly Skillz Inc.) filed an 8-K on August 4, 2026, to notify investors it will partially redeem $80.0 million aggregate principal of its outstanding 10.250% Secured Notes due 2026. The redemption price is 100.000% of principal plus any accrued and unpaid interest, with the redemption scheduled for August 14, 2026. UMB Bank, N.A. is serving as trustee and paying agent.

Key Details

• Redemption amount: $80.0 million of the Company’s 10.250% Secured Notes due 2026.
• Redemption price: 100.000% of principal, plus accrued and unpaid interest (if any).
• Redemption effective date: August 14, 2026 (notice delivered August 4, 2026).
• Outstanding before redemption: $129,671,000 aggregate principal amount of the Notes as of August 4, 2026 — implying roughly $49.671 million would remain outstanding after this partial redemption.
• Trustee/paying agent: UMB Bank, N.A.

Why It Matters
This action reduces Firy’s outstanding secured debt due in 2026 by $80.0 million, lowering the principal on which the 10.250% interest would accrue for the redeemed portion. For investors, that means a smaller near-term secured debt balance and corresponding interest obligations tied to these notes after the redemption date. The filing does not disclose the funding source for the redemption or additional effects on liquidity beyond the notice itself.