LFT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• 2025 was marked by significant volatility in global markets, driven by international trade policy and tariff-related developments, geopolitical uncertainty, political and regulatory developments, elevated interest rates and persistent inflationary pressures. Collectively, these factors contributed t…

• Thus far, 2026 has continued to be characterized by uncertainty and market volatility related to international trade policy, geopolitical developments and the future path of monetary policy. While benchmark interest rates have declined form their recent peaks, interest rates remain elevated relative…

• On July 24, 2026, we received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that we are not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of our common stock was less than $1.00 over a consecutive 30 trading-day period.

• The Notice is a notice of deficiency, not delisting, does not currently impact the listing and trading of our common stock on the NYSE. We may regain compliance at any time during the six-month cure period following receipt of the Notice if, on the last trading day of any calendar month during the c…

• In accordance with NYSE rules, on August 7, 2026, we notified the NYSE of our intent to regain compliance with the minimum share price requirement through a 1-for-10 reverse stock split, which is currently expected to become effective at 5:00 pm Eastern Time on September 9, 2026.

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• 2025 was marked by significant volatility in global markets, driven by tariffs and international trade policy and disputes, political and regulatory uncertainty, geopolitical conditions, elevated interest rates, and inflation. Collectively, these market dynamics have posed challenges to commercial r…

• values and transaction activity. However, the Federal Reserve decreased interest rates in 2024 and 2025, which has contributed to an improvement in the cost and availability of debt.

• Thus far, 2026 has been marked by additional policy-driven uncertainty and market volatility, including with respect to international trade policy and geopolitical conditions. The Federal Reserve recently held interest rates steady for the first time since July 2025. While some officials have expres…

• •Net loss attributable to common stockholders of $1.0 million, or $0.02 per share of common stock

• •Distributable Earnings of $1.1 million, or $0.02 per share of common stock

Text added vs the prior filing · source: 10-Q · 2026-08-13

• On November 3, 2025, LCMT Warehouse, LLC, an indirect wholly owned subsidiary of the Company, entered into the Repurchase Agreement and the Guarantee Agreement. On August 12, 2026, the Company and JPMorgan Chase Bank, N.A. entered into Amendment No. 2 to the Guarantee Agreement, which amended the in…

• Entry into Amendment No. 7 to the Credit and Guaranty Agreement

• On August 12, 2026, the Company together with its Credit Parties, entered into the Seventh Amendment to the Credit and Guaranty Agreement with the Agent and the lenders party thereto. The Seventh Amendment amended the minimum interest coverage ratio for the periods ending June 30, 2026, September 30…

• The foregoing summary of the terms of Amendment No. 7 to the Credit and Guaranty Agreement does not purport to be a complete description and is subject to, and qualified in its entirety by, the full text of the amendment, which is attached hereto as Exhibit 10.2 and incorporated herein by reference.

• During the quarter ended June 30, 2026, none of our directors or officers adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• On November 3, 2025, LCMT Warehouse, LLC, an indirect wholly owned subsidiary of the Company, entered into the Repurchase Agreement and the Guarantee Agreement. As of March 31, 2026, we were in compliance with all covenants under such Agreements, except for the maximum total net leverage ratio. On M…

• During the quarter ended March 31, 2026, none of our directors or officers adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).