UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
As previously disclosed by Loop Media, Inc. (“we,” “us” and “our”), on May 12, 2023, we entered into an At Market Issuance Agreement (the “ATM Agreement”) with B. Riley Securities, Inc. (“B. Riley Securities”), under which we may offer and sell from time-to-time through B. Riley Securities, shares of our common stock having an aggregate offering price of up to $50.0 million. From June 15 to June 23, 2023, we sold approximately 2.780 million shares of our common stock under the ATM Agreement, resulting in net cash proceeds of $8.318 million, after deducting issuance costs of $257.3 thousand. No other shares of common stock were sold under the ATM Agreement during the three-month period ended June 30, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LOOP MEDIA, INC. | ||
| Dated: June 30, 2023 | By: | /s/ Jon Niermann |
| Name: | Jon Niermann | |
| Title: | Chief Executive Officer | |