Bloomia Holdings, Inc. (TULP) will hold its annual meeting on November 23, 2026. Holders of 4,830,965 common shares outstanding on September 28, 2026 are eligible to vote on six director nominees, an advisory executive-compensation proposal and ratification of Boulay PLLP as auditor for fiscal 2027; the board recommends voting FOR each proposal.
Reported fiscal 2026 total compensation was $122,000 for Co-CEO Mark R. Jundt, $118,755 for Co-CEO Daniel C. Philp, $340,012 for CFO Elizabeth E. McShane and $472,633 for Bloomia CEO Werner F. Jansen. On April 1, 2026, $7,100,000 of principal and accrued interest on related-party notes was converted into common stock. The bridge loan balance was $2,670,000 as of June 30, 2026, and the company recorded a $7,005,000 gain on cancellation of debt.
Bloomia Holdings, Inc. (TULP) reports essentially flat revenue but a sharply weaker bottom line for the year ended June 30, 2026, as it transitions fully into a tulip-focused specialty agriculture business centered on its Bloomia acquisition. Revenue was $48.1 million, down 1% year over year, while gross margin fell from 20.9% to 16.4% due to a 21% increase in average bulb prices, a 6% stronger Euro, and significant crop waste in spring 2026.
The company recorded a goodwill impairment of $11.1 million and a trade name impairment of $2.0 million, driving an operating loss of $16.9 million and a net loss attributable to Bloomia Holdings of $11.2 million. EBITDA from continuing operations was negative $6.7 million. Bloomia remains highly customer-concentrated, with four U.S. retailers representing 59% of fiscal 2026 revenue, and faces cost pressure from 10–15% U.S. tariffs on imported bulbs.
Liquidity improved but remains dependent on credit facilities and capital markets. Working capital rose to $7.3 million and cash to $1.5 million, aided by a rights offering that raised $12.1 million (about $5.0 million cash and $7.1 million debt-for-equity), enabling the settlement of over $12 million of debt at a discount and a $7.0 million gain on debt extinguishment. The Amended Credit Agreement was repeatedly breached on covenants in fiscal 2026 but waivers and a third amendment reset leverage and coverage tests, temporarily expanded revolver capacity to $10 million, and introduced refinance fees if a full refinancing or alternative capital raise is not completed in 2027.
Bloomia Holdings, Inc. (TULP) reported essentially flat fiscal 2026 revenue of $48.1 million versus $48.4 million in 2025, but profitability deteriorated sharply. A one-time, non-cash $13.2 million impairment (goodwill and intangibles) and production waste led to a net loss attributable to Bloomia of $11.2 million, compared with a $2.6 million loss a year earlier. Adjusted EBITDA swung from a $2.0 million gain to a $0.5 million loss.
Bloomia restructured its balance sheet, retiring over $19 million of debt and reducing total debt by $12.4 million (36%) to $21.7 million at June 30, 2026. A rights offering raised $12.1 million gross, including $7.1 million of debt converted to equity, and contributed to a $7.0 million gain on settlement of debt. Cash increased to $1.5 million and working capital to $7.3 million.
Operationally, results were pressured by a 21% increase in tulip bulb costs, a 6% Euro appreciation, and an industry-wide mite treatment issue that created more than $2.5 million of excess waste in Bloomia’s peak demand quarter. Looking ahead, the company has locked in bulb prices near 2025 levels for fiscal 2027 and implemented new mite control treatment, which management expects to support margin improvement.
Bloomia Holdings, Inc. reported that subsidiary CEO and President Werner F. Jansen received a grant of common stock. On June 29, 2026, he acquired 58,408 shares of Common Stock at a stated price of $0.00 per share as a grant or award. Following this transaction, his directly held position in Bloomia common shares is 58,408 shares.
Bloomia Holdings, Inc. reported higher tulip revenue but continued losses and heavy leverage for the quarter ended March 31, 2026. Quarterly revenue rose to $14.4 million from $12.4 million, yet gross margin fell to 19.8% and net loss attributable to Bloomia was $0.8 million, or $0.43 per share. For the first nine months of fiscal 2026, revenue was $26.3 million with a net loss of $5.9 million and negative EBITDA of $2.9 million. Total debt reached $40.3 million, including a $9.99 million revolver and a seller bridge loan with payment incentives and penalties. A $12.1 million rights offering, including $7.1 million of debt conversion, raised about $5 million in cash and converted related-party notes to equity, while also funding a $4.9 million discounted prepayment on the Seller Note. The company remains overdrawn on its revolving credit facility after a temporary capacity increase expired and previously breached financial covenants, though waivers were obtained.
Bloomia Holdings, Inc. reported higher sales but weaker profitability for the quarter ended March 31, 2026. Net revenue rose to $14.4 million from $12.4 million a year earlier, mainly from higher pricing, while stem volumes fell about 3% due to softer Valentine’s Day demand.
Gross profit dropped to $2.9 million, cutting margin to 19.8% from 31.3%, and the company swung to an operating loss of $0.02 million and a net loss attributable to Bloomia of $0.8 million, or $0.43 per diluted share. EBITDA declined to $0.9 million from $2.6 million.
For the nine months, revenue reached $26.3 million but net loss attributable to Bloomia widened to $5.9 million, or $3.33 per share. A recent rights offering raised $12.1 million (including $7.1 million of debt conversion) and funded a $4.9 million debt repayment that produced roughly $10 million of debt forgiveness, while total debt stood at $47.5 million and stockholders’ equity at $7.8 million as of March 31, 2026.
Bloomia Holdings, Inc. ownership disclosure: Morgan Stanley and Morgan Stanley Smith Barney LLC report beneficial ownership of 280,953 shares of Common Stock (CUSIP 45765Y204), representing 5.9% of the class. The filing is an Amendment No. 2 to a Schedule 13G/A and is signed by authorized signatories on 05/07/2026.
The cover-page entries show shared dispositive power of 280,953 shares for the reporting entities and cite Exhibit 99.2 for subsidiary identification and Item 7 detail.
Bloomia Holdings, Inc. reports changes to its acquisition financing and adds new debt. Its Bloomia subsidiaries originally borrowed $12,750,275 under a Bridge Loan Agreement related to acquiring Bloomia B.V., with Bloomia providing an unsecured guaranty. A prior amendment allowed the subsidiaries to fully prepay this bridge loan at a discounted amount of $7,330,000 in exchange for a release of certain warranty and indemnity claims.
On April 15, 2026, the parties signed a Second Amendment to the bridge loan and the borrowers made an Initial Discounted Prepayment of $4,900,000. To help fund this, on April 13, 2026 Bloomia issued an unsecured Promissory Note to Gary Kohler for $1,000,000, bearing fixed interest of 11.5% per year, rising to 14.5% on default, and maturing on March 31, 2029. Bloomia may prepay the note at any time without penalty.
BLOOMIA HOLDINGS, INC. director and more-than-10% owner Nicholas John Swenson exercised subscription rights to acquire 696,690 shares of common stock at $4.05 per share through AO Partners I, L.P. After the exercise, AO Partners I, L.P. holds 836,134 shares indirectly for him, alongside additional direct and indirect holdings through Groveland Capital LLC and Glenhurst Co.