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Bloomia Holdings, Inc. (TULP) Announces Preliminary Results of Rights Offering [Yahoo! Finance]

Bloomia Holdings, Inc. (TULP) 
Company Research Source: Yahoo! Finance
announced the preliminary results of its previously announced rights offering (the "Rights Offering"). The Rights Offering commenced in February 2026 and expired at 5:00 p.m., Eastern Time, on April 1, 2026 (the "Expiration Date"), following a brief extension to allow additional participation by stockholders. Pursuant to the Rights Offering, the Company distributed non-transferable subscription rights to stockholders of record as of February 16, 2026. Each eligible stockholder was entitled to subscribe for additional shares of the Company's common stock in proportion to their existing ownership, with the opportunity to participate in an over-subscription privilege, subject to availability and proration. Based on preliminary results, Bloomia expects gross proceeds from the Rights Offering to be approximately $12.1 million, of which approximately $5 million was cash and approximately $7.1 million was conversion of outstanding debt, resulting in an aggregate of approximately 3 mill Show less Read more
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