Fortun Holdings Signs Term Sheet for Proposed $10 Million Non-Dilutive Credit Facility With Accordion Feature Up to $30 Million

Fortun outlines a proposed $10 million non-dilutive credit facility, scalable to $30 million, to expand small-business funding if it closes as expected.

Rhea-AI Summary

Fortun Holdings (FRTU) signed a term sheet on a proposed non-dilutive senior secured credit facility with an initial size of $10 million and an accordion feature up to $30 million.

The contemplated structure allows an initial draw of up to $2 million, followed by additional draws of $500,000–$2 million as frequently as every 31 days, all subject to borrowing-base tests, credit review, covenants and other conditions. The facility would be provided through a bankruptcy-remote, wholly owned SPV and secured by the borrowing subsidiary’s assets, including eligible receivables.

The company states the facility is designed as non-dilutive debt with no issuance of common stock, warrants or other equity and is intended to support expansion of small-business funding and portfolio growth. Collections during the draw and interest-only period may be reinvested into new eligible receivables. Following lender diligence since mid-to-late July, closing is currently expected in November 2026, subject to completion of post-term-sheet diligence and definitive documentation.

Positive

• Proposed non-dilutive facility with initial size of $10 million
• Accordion feature could expand total facility size up to $30 million
• Initial draw capacity up to $2 million, with follow-on draws every 31 days
• Debt structure contemplates no issuance of Fortun common stock or other equity
• Borrowing-base design allows potential scaling with growth of eligible receivables

Negative

• Facility is only at signed term sheet stage and remains subject to further diligence and definitive documentation before the expected November 2026 closing

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Proposed facility contemplates an initial draw of up to $2 million and scalable borrowing capacity to support continued growth in small-business originations

MIAMI, FL / ACCESS Newswire / September 15, 2026 / Fortun Holdings, Corp. (OTCID:FRTU) ("Fortun" or the "Company"), a financial technology company focused on providing revenue-based financing to underserved small businesses, today announced that it has signed a term sheet outlining the proposed terms of a non-dilutive senior secured credit facility.

The proposed facility contemplates an initial facility size of $10 million, with an accordion feature permitting increases in $5 million increments up to an aggregate facility size of $30 million. The contemplated structure provides for an initial draw of up to $2 million, subject to the applicable borrowing base, credit review and other conditions set forth in the term sheet.

Following closing, Fortun would be permitted to request additional draws ranging from $500,000 to $2 million as frequently as every 31 days, subject to applicable borrowing-base requirements, eligibility criteria, covenants and available funding capacity.

The proposed facility is structured as non-dilutive debt financing, with no contemplated issuance of Fortun common stock, warrants or other equity securities, and would be provided through a bankruptcy-remote special purpose subsidiary (SPV) wholly owned by Fortun, secured by the borrowing subsidiary's assets, including eligible receivables pledged to the facility.

Importantly, the contemplated facility is structured to preserve Fortun's flexibility to pursue additional financing and capital-markets opportunities in the future, including through separate financing arrangements that do not impair the collateral supporting this facility. The proposed structure also accommodates customary corporate-governance changes associated with the company's previously announced uplisting objectives.

Fortun expects that proceeds from the facility, if completed, would be used primarily to support the continued expansion of the Company's small-business funding activities and portfolio growth. The contemplated structure permits collections during the draw and interest-only period to be reinvested into new eligible receivables, subject to the borrowing-base, payment and other requirements of the facility.

The signed term sheet represents a significant advancement of the institutional financing initiative first publicly disclosed by Fortun in March 2026, when the Company announced that it had begun evaluating potential non-dilutive institutional credit facilities designed to expand funding capacity without relying on equity issuance.

"Approximately six months ago, we told our shareholders that we had begun the process of pursuing institutional, non-dilutive financing to help Fortun reach its next stage of growth," said Yoel Damas, Chief Executive Officer of Fortun Holdings. "We knew from the beginning that doing this the right way would take time. Not every offer is the right fit, and not every source of capital is the right partner. Our objective was not simply to find someone willing to provide capital; it was to find a structure that made sense for Fortun, our growth plans and our shareholders."

"Approximately six months later, that process has resulted in a signed term sheet contemplating an initial facility size of $10 million, with an accordion feature allowing the facility to increase to as much as $30 million, without issuing equity. We believe that is a meaningful result from the process we began earlier this year. There is still work to be completed before closing, but this represents an important milestone for Fortun."

"Our objective remains straightforward: fund more qualified small businesses, grow the portfolio responsibly, generate additional revenue and cash flow, and continue building Fortun into a larger and stronger financial company. Access to scalable, non-dilutive institutional capital has always been an important part of that strategy," Damas added.

Juan M. Sese, Chief Financial Officer of Fortun Holdings, commented:

"From a capital structure perspective, we believe the proposed facility is aligned with our financing strategy because it is designed to allow Fortun to increase its funding capacity without issuing additional equity. The borrowing-base structure aligns access to capital with the growth of eligible receivables, allowing the facility to potentially scale alongside the portfolio. If completed as contemplated, we believe this structure would provide Fortun with additional flexibility to deploy capital into new originations while maintaining our focus on disciplined portfolio management and responsible growth."

Since discussions with the lender began in mid-to-late July, the lender has reviewed Fortun, its operations and its receivables portfolio, with that initial diligence resulting in the issuance of the term sheet. The parties are now proceeding through the post-term-sheet diligence and definitive documentation process. Based on current discussions, the proposed facility is expected to close in November 2026.

About Fortun Holdings, Corp.

Fortun Holdings, Corp. (OTCID:FRTU) is a financial technology company focused on providing revenue-based financing solutions to underserved small businesses. Through its operating subsidiaries and technology-enabled underwriting and servicing platform, Fortun seeks to provide efficient access to growth capital while building a scalable financial services platform.

For corporate and investor information, visit www.frtu.com.

For information regarding Fortun's small-business financing products and services, visit www.fortunfunding.com.

Forward-Looking Statements

This press release contains forward-looking statements concerning, among other things, the proposed credit facility, the anticipated timing and completion of the financing, potential borrowing availability, the initial draw, future draws, the accordion feature, the use of proceeds, the Company's ability to increase funding originations and portfolio growth, and the Company's financing and growth strategies.

These statements are based on current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

The proposed financing remains subject to further due diligence, verification procedures, background checks, required approvals, negotiation and execution of definitive documentation, satisfaction of closing and borrowing-base requirements, investor participation, available funding capacity and other conditions. There can be no assurance that the proposed facility will close on the terms or within the timeframe currently contemplated, that any particular amount will become available or be drawn, that Fortun will ultimately have access to the full amount contemplated by the accordion feature, or that the definitive documentation will reflect all of the terms currently contemplated by the term sheet.

Forward-looking statements speak only as of the date of this release. Fortun undertakes no obligation to publicly update or revise any forward-looking statement to reflect subsequent events or circumstances, except as required by applicable law.

Additional Notice

This press release is being issued for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any financing contemplated by the proposed facility will be conducted only pursuant to applicable transaction documents and applicable securities laws.

INVESTOR RELATIONS CONTACT

Fortun Holdings, Corp.
www.frtu.com
info@fortunco.com

Hayden IR
James Carbonara
(646) 755-7412
james@haydenir.com

SOURCE: Fortun Holdings, Corp

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How are draw amounts and frequency structured under the proposed Fortun credit facility?

The contemplated structure permits an initial draw of up to $2 million, subject to the applicable borrowing base, credit review and other conditions. After closing, Fortun would be permitted to request additional draws ranging from $500,000 to $2 million as frequently as every 31 days, subject to borrowing-base requirements, eligibility criteria, covenants and available funding capacity.

Why does Fortun describe the proposed credit facility as non-dilutive?

The company describes the facility as non-dilutive because the contemplated debt financing structure includes no issuance of Fortun common stock, warrants or other equity securities. Financing would instead be provided through a secured credit facility, so existing shareholders would not experience equity dilution from this transaction as proposed.

What entity would borrow under the proposed facility and what collateral is contemplated?

The proposed facility would be provided through a bankruptcy-remote special purpose subsidiary wholly owned by Fortun. It would be secured by the borrowing subsidiary’s assets, including eligible receivables pledged to the facility, as described in the term sheet.

How does Fortun plan to use proceeds from the contemplated credit facility?

Fortun expects that, if the facility is completed, proceeds would be used primarily to support continued expansion of its small-business funding activities and portfolio growth. The structure permits collections during the draw and interest-only period to be reinvested into new eligible receivables, subject to borrowing-base, payment and other facility requirements.

When did discussions with the lender begin and what is the current process status?

Discussions with the lender began in mid-to-late July 2026. The lender has reviewed Fortun, its operations and its receivables portfolio, which led to issuance of the term sheet. The parties are now moving through post-term-sheet diligence and definitive documentation, and the facility is expected to close in November 2026 based on current discussions.

How does the proposed facility relate to Fortun’s broader financing and uplisting objectives?

Fortun states that this term sheet advances an institutional, non-dilutive financing initiative first publicly disclosed in March 2026. The contemplated facility is described as aligned with the company’s strategy to expand funding capacity without issuing additional equity. The structure is also designed to preserve flexibility to pursue additional financing and capital-markets opportunities, and to accommodate customary corporate-governance changes associated with previously announced uplisting objectives.