Bloomia Holdings, Inc. Announces Preliminary Results of Rights Offering

Bloomia Holdings, Inc. announced the preliminary results of its rights offering, which commenced in February 2026 and expired on April 1, 2026. The offering is expected to yield approximately $12.1 million in gross proceeds, comprising $5 million in cash and $7.1 million from the conversion of outstanding debt. A total of approximately 3 million shares of common stock will be issued at $4.05 per share. These proceeds will be primarily used to repay acquisition debt at a discount greater than 50%, thereby reducing the Company's leverage and annual interest expense, and positioning it for future growth. The company expects to issue shares to participants following the receipt of subscription payments and final calculations.