Welcome to our dedicated page for Lendway SEC filings (Ticker: LDWY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Lendway, Inc. (LDWY) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Lendway is a Delaware corporation listed on Nasdaq and describes itself as a specialty agricultural and finance company, with majority ownership of Bloomia’s fresh-cut tulip operations and full ownership of the FarmlandCredit.com non-bank lending business. Its filings document how these activities affect capital structure, governance and financial reporting.
Through forms such as Form 8-K, Lendway reports material events, including the acquisition of a majority interest in Bloomia, amendments to its credit agreement, the issuance of unsecured promissory notes to significant stockholders to fund Bloomia’s operations, and changes to its fiscal year end. An 8-K filed in November 2025 also records the stockholder-approved amendment to the certificate of incorporation increasing authorized common shares, along with voting results for director elections, executive compensation advisory votes and auditor ratification.
The company’s proxy statement on Schedule 14A outlines corporate governance matters, annual meeting logistics, proposals presented to stockholders and details regarding the increase in authorized common stock. Transition and annual reports on Form 10-K or Form 10-KT, referenced in the proxy materials, provide audited financial statements and further context on Lendway’s evolution into a specialty ag and finance business following the sale of its legacy in-store marketing operations.
On Stock Titan, these filings are paired with AI-powered summaries designed to highlight key points such as changes in leverage and liquidity, revisions to credit facilities, authorized share increases, and board and stockholder actions. Users can quickly see which disclosures relate to Bloomia’s tulip operations, the FarmlandCredit.com lending platform, or broader corporate finance and governance topics, and then drill down into the full SEC documents for detailed language and exhibits.
Lendway, Inc. (LDWY) filed its quarterly report and reported weaker results. Revenue, net was $5,153,000 versus $6,628,000 a year ago, and gross margin swung to a loss at (1.2%) from 21.7%. Operating loss widened to $3,043,000, and net loss attributable to Lendway was $2,854,000, or $1.61 per share.
Inventory rose to $18,799,000 as the company purchased approximately $11,000,000 of Dutch tulip bulbs to prepare for peak spring demand, contributing to net cash used in operating activities of $9,927,000. Long-term debt, net increased to $36,851,000. The company drew $8,575,000 on its revolving credit facility and entered into $4,000,000 of unsecured related‑party promissory notes at 13.5% to fund Bloomia operations. A Second Amendment temporarily raised revolver capacity to $10,000,000 and broadened eligible inventory until April 30, 2026.
Management cited seasonality and higher bulb costs, tariffs, and freight as headwinds this quarter, while expecting revenue and margin to improve later in fiscal 2026. A new risk factor notes the federal government shutdown may delay H‑2A seasonal worker visas, which could reduce production or increase labor costs.
Lendway, Inc. filed an 8-K stating it has furnished a press release announcing financial results for the three months ended September 30, 2025. The press release is attached as Exhibit 99.1 and incorporated by reference.
The company notes the information is furnished and not deemed filed under Section 18 of the Exchange Act. Lendway’s common stock trades on Nasdaq under the symbol LDWY.
Lendway, Inc. describes board and compensation committee responsibilities, audit‑committee oversight, and recent governance updates for stockholders. The compensation committee nominates directors, reviews and recommends executive pay and benefits, evaluates Co‑Chief Executive Officers' performance, assesses bonus target achievement, administers the stock and incentive plans, and approves equity grants. The company adopted a clawback policy that applies to incentive compensation awarded on or after October 2, 2023 and requires recovery of erroneously awarded incentive pay following an accounting restatement tied to material noncompliance with financial reporting rules. The audit committee met with the independent registered public accounting firm to review audit scope, results, internal controls and independence. The company reports 1,769,599 shares issued and outstanding, 22,945 shares available under the Employee Stock Purchase Plan, and 79,576 shares available for future awards under the 2018 Equity Incentive Plan.
Nicholas J. Swenson, a Director and reported 10% owner of Lendway, Inc. (LDWY), reported transactions dated 09/30/2025. He disposed of 3,300 shares of common stock and, following that transaction, beneficially owns 139,444 shares in total (held indirectly through entities including AO Partners I, L.P. with 60,284 shares and Groveland Capital LLC with 11,428 shares). Separately, Mr. Swenson acquired 1,008 Common Stock Equivalents under the company’s Director Deferred Compensation Plan at an indicated per-equivalent amount of $5.4523, bringing his reported derivative-equivalent holdings to 11,597 Common Stock Equivalents. The filing notes the parties may be part of a Section 13(d) group that collectively owns more than 10% of the outstanding common stock. The Form is signed on 10/02/2025.
Director Matthew Kelly acquired 779 common stock equivalents of Lendway, Inc. (LDWY) on 09/30/2025 under the company’s director deferred compensation plan. Each common stock equivalent represents the economic equivalent of one share of common stock and the reported per-equivalent price is $5.4523. After the transaction, Mr. Kelly beneficially owned 7,881 shares (direct).
The deferred compensation plan allows directors to elect to receive fees as common stock equivalents that will be settled in actual Lendway common stock upon a separation from service or in cash if an earlier change in control occurs. The Form 4 discloses the grant/acquisition amount, the conversion economics, and the ownership total following the reported transaction.
Chad Bruce Johnson, a director of Lendway, Inc. (LDWY), reported an acquisition on 09/30/2025 of 779 common stock equivalents under the company's Deferred Compensation Plan for Directors at an economic price of $5.4523 per equivalent. After the transaction, Mr. Johnson beneficially owns 13,432 shares (direct). The filing states these common stock equivalents will be settled in common stock upon separation from service or in cash upon an earlier change in control. The Form 4 was signed by an attorney-in-fact, Joyce E. Kobilka, on 10/02/2025.
Mary Herfurth, a director of Lendway, Inc. (LDWY), acquired 1,008 Common Stock Equivalents on 09/30/2025 under the company’s Deferred Compensation Plan for Directors. The reported per-unit value was $5.4523, and after the transaction she beneficially owns 10,201 shares on a direct basis.
The Common Stock Equivalents represent the economic equivalent of one share each and will be settled in common stock upon a separation from service or in cash upon an earlier change in control. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/02/2025.
Lendway, Inc. presents portions of its preliminary proxy materials describing governance and compensation committee responsibilities, audit committee activities, and equity plan status. The governance/compensation committee nominates director slates, reviews and recommends base salaries, incentive compensation, employment agreements and benefits for its Co-Chief Executive Officers and key executives, evaluates executive performance and bonus targets, administers equity and incentive plans, approves equity grants, and oversees compensation-related SEC disclosures. The audit committee met with the independent registered public accounting firm to review audit scope, results, internal controls and auditor independence. The company reports 1,769,599 shares issued and outstanding, 22,945 shares available under the Employee Stock Purchase Plan, and 79,576 shares available for future awards under the 2018 Equity Incentive Plan.
Lendway, Inc. reported several financing and governance changes tied to its Bloomia business. The company amended its existing credit facility, temporarily increasing the revolving borrowing capacity from $6,000,000 to $10,000,000 and allowing inventory in the Netherlands to remain eligible, in each case until April 30, 2026. The amendment also revises senior cash flow leverage covenants and, starting September 30, 2025, sets loan interest at term SOFR plus a margin of 3.00%–4.00% based on leverage. As of September 18, 2025, Lendway had $6.1 million outstanding under the revolver.
Lendway also entered into $4.0 million of unsecured Promissory Notes with Air T, Inc., AO Partners I, L.P., and Gary S. Kohler at a fixed 13.5% annual interest rate, maturing June 1, 2027, with proceeds expected to fund Bloomia operations and restrictions on new indebtedness. These lenders are significant shareholders and affiliates, and the transactions were pre-approved under the company’s related-party policy. In addition, Lendway adopted an amended LLC agreement with Tulp 24.1, LLC and Werner F. Jansen to fix membership percentages, prioritize repayment of unreturned capital contributions in future distributions, and exclude an expected $4 million contribution from pre-emptive rights.
Air T and affiliated Swenson entities report a combined 701,275 shares of LENDWAY, Inc., representing 39.6% of outstanding common stock based on 1,769,599 shares. Air T holds 486,819 shares (27.6%), Nicholas J. Swenson holds 214,456 shares (12.1%) through various entities, AO Partners entities hold 139,444 shares (7.9%), Groveland Capital holds 60,284 shares (3.4%), and Glenhurst Co. holds 11,428 shares (0.6%).
The Reporting Persons paid approximately $7,371,211 in the aggregate. Financing arrangements include a Delayed Draw Term Note increased to $3,500,000 (8% interest on advances) and two Pari Passu promissory notes dated September 15, 2025: AO Partners I lent $1,699,844 and Air T lent $1,100,156, each bearing 13.5% interest and maturing June 1, 2027. The Pari Passu lenders may appoint a non-voting board observer until repayment. The parties state they may be deemed a "group" for reporting purposes but disclaim membership in a group. The shares held by Air T and the Swenson Group are reported separately.