Loop Media Faces Asset Auction Amid Financial Struggles
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Loop Media, Inc. (LPTV) is facing an asset auction due to financial struggles after receiving a notice of default from Capital Foundry Funding, LLC for exceeding its credit limit. The auction is scheduled for September 25, 2025, which may significantly impact the company's securities value. Loop Media plans to file a Form 15 with the SEC to deregister its securities, indicating potential winding up. Spark's analysis rates LPTV as Underperform, citing financial instability and negative performance indicators. The current market cap is $324.9K with a sell signal in technical sentiment.
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