On September 16 and 22, 2026, the Company entered into loan agreements with certain borrowers ("Borrowers"), pursuant to which the Company agreed to lend Borrowers an aggregate of $5,500,000. The loans bear interest at 20% per annum and are secured by equity owned by Borrowers. See Item 3.02 of this Current Report. The foregoing description of the loan agreements is qualified in its entirety by reference to the form of loan agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

Item 3.02. Unregistered Sales of Equity Securities

 

September 2026 Private Placement

 

On September 16 and 22, 2026, RTB Digital, Inc. ("RTB") entered into Securities Purchase Agreements with investors, including certain persons and entities affiliated with RTB’s founders and principal stockholders, for the offer and sale of an aggregate of 494,159 ("Shares") shares of common stock, for gross proceeds of $5,500,000. The per share price was $11.13. The officers of RTB conducted the offering without engaging any broker dealer or other offering participant.

 

RTB also entered into a registration rights agreement to register the shares on a "piggy back" basis and a one-time "demand" basis, exercisable 180 days after issuance of the Shares, as long as 50% of the Shares are being registered. The right to have the Shares registered will terminate when the Shares are sold, they have been covered by an effective registration statement for 16 months or they may be sold under Rule 144 without regard to the volume limitations. RTB has agreed to pay registration costs, and indemnify the investors in relation to registration. The Shares were sold pursuant to Regulation 506(b) and are being issued as "restricted stock."

 

RTB also entered into lock-up agreements pursuant to which the Shares will be released from the applicable transfer restrictions in four equal tranches as follows: (i) 25% on May 12, 2027; (ii) 25% on August 12, 2027; (iii) 25% on November 12, 2027; and (iv) 25% on February 14, 2028. Following each applicable release date, the corresponding tranche of shares will no longer be subject to such lock-up restrictions, subject to applicable securities laws and any other restrictions that may apply to such shares.