Key facts
- This page summarizes Bruce A. Cassidy Sr.'s Form 4 filing for Loop Media, Inc. (LPTV).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 17 Mar 2025, 21:50.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Other
Gift
No transaction description listed
No transaction description listed
Additional SEC filing notes
Footnote 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.
Footnote F2
Mr. Cassidy is Manager of Excel's general partner.
Footnote 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.
Footnote F4
Bona fide gift from Excel.
Footnote F5
Mr. Cassidy is Manager of Eagle Investment Group, LLC.