POWERCOMPUTE, INC. (LMFA) Form 8-K — Jul 31, 2026
PowerCompute, Inc. secured an $18 million bridge loan from Arch Lending to fully repay its existing debt to Galaxy Digital LLC and DE & AJ Liebel Limited Partnership. The bridge loan, issued through subsidiary US Digital Mining and Hosting Co, LLC, consists of two promissory notes totaling the principal amount and bears interest at the Applicable Federal Rate, with a maturity date of July 31, 2026, which the company expects to extend upon finalizing a secured term loan facility. Simultaneously, the company amended its secured promissory note with Brown Family Enterprises, extending the maturity date to December 31, 2026.
Key figures
- Interest Rate
- Applicable Federal Rate (AFR); Default Rate 15%
- Maturity Date
- July 31, 2026 (Bridge Loan); December 31, 2026 (Brown Family Enterprises)
- Galaxy digital payoff
- 18000000
- Brown family original note
- 1500000
- Brown family principal paid
- 250000
- Brown family accrued interest
- 12205
- Brown family outstanding principal
- 1250000
- Brown family extended interest rate
- 11%
Price after filing
Close on the filing date to close N calendar days later (from $2.12). Historical, not a forecast.
AI analysis
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