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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): July 8, 2025
Loop
Media, Inc.
(Exact
Name of Registrant as Specified in Charter)
| Nevada |
|
001-41508 |
|
47-3975872 |
| (State
or Other Jurisdiction |
|
(Commission |
|
(IRS
Employer |
| of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
2600
West Olive Avenue, Suite 54470
Burbank,
CA |
|
91505 |
| (Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (213) 436-2100
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered or to be registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| N/A |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation Under an Off-Balance Sheet Arrangement.
On
July 8, 2025, Loop Media, Inc., a Nevada corporation (the “Company”), received a demand letter (the “Notice”)
from the American Society of Composers, Authors and Publishers (“ASCAP”) declaring the full amount owed to it under
that certain Settlement Agreement entered into by and between the Company and ASCAP, effective December 6, 2024 (the “Settlement
Agreement”), immediately due and payable. Pursuant to the Settlement Agreement, should the Company fail to cure a default on
its payment obligations, ASCAP shall be entitled to accelerate any portion of the amount that remains due so that the remaining balance
becomes immediately due and payable. The amount owed to ASCAP under the Settlement Agreement is one million one hundred seventy-five
thousand dollars ($1,175,000). If the Company is unable to comply with the Notice, there can be
no assurance as to whether ASCAP will enforce its rights by seeking all available legal and equitable remedies.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| |
|
|
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Date:
July 14, 2025 |
LOOP
MEDIA, INC. |
| |
|
| |
By: |
/s/
Justis Kao |
| |
|
Justis
Kao, Interim Chief Executive Officer |
