Bloomia Holdings, Inc. (Nasdaq: TULP), a specialty agriculture company, has announced the preliminary results of its previously announced rights offering, which commenced in February 2026 and expired on April 1, 2026. The offering was designed to allow existing stockholders to purchase additional shares of common stock in proportion to their current holdings. Based on preliminary results, the company expects to raise approximately $12.1 million from the offering, which includes about $5 million in cash and approximately $7.1 million from the conversion of outstanding debt. This will result in the issuance of approximately 3 million shares at a price of $4.05 per share. The proceeds from the rights offering are intended primarily for repaying acquisition debt at a significant discount, which is expected to materially reduce the company's leverage and lower annual interest expenses. Dan Philp, Co-CEO of Bloomia, expressed appreciation for the strong support from stockholders and emphasized that the improved balance sheet will enable the company to continue investing in growth opportunities across its operations. The company plans to issue shares promptly following the final calculation of subscription amounts and receipt of all payments.

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