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Bloomia Holdings, Inc. (formerly Lendway, Inc.) is a specialty agricultural company focused on investments in the U.S. and internationally. It is the majority owner of Bloomia, a significant producer of fresh cut tulip stems, operating greenhouses in the United States, the Netherlands, and South Africa. The company is conducting a rights offering to raise capital, with the primary goal of reducing indebtedness and strengthening its balance sheet. The offering involves distributing non-transferable subscription rights to existing stockholders as of February 16, 2026, allowing them to purchase additional shares of common stock at $4.05 per share. The total offering amount is up to $15,500,000, assuming full exercise. The company intends to use the net cash proceeds first to repay a bridge loan at a discounted amount of $7,330,000, with any remaining funds allocated for working capital and general corporate purposes. As of December 31, 2025, the company reported a net tangible book value of approximately $(21,381,000) and total indebtedness of $47,253,000. The offering is subject to various risks, including potential dilution for non-participating stockholders and the possibility of not raising the desired capital.
Offering Amount
$40.5M
Shares Offered
10,000,000
Price Range
$4.05 – $4.05
Shares Offered
3,827,160
Offering Amount
$15,500,000
Share Type
Common Stock
Exchange
NASDAQ
Ticker
TULP
Use of Proceeds: First use to repay Bridge Loan in full at a discount in the aggregate amount of $7,330,000; remaining net proceeds for working capital and general corporate purposes.
Bloomia Holdings, Inc. is a specialty agricultural company focused on making and managing agricultural investments in the United States and internationally. The company is the majority owner of Bloomia, a significant producer of fresh cut tulip stems.