Loan & DebtOct 13, 2026, 07:51 AM
Adia Nutrition Repays $1M CEO Loan Facility
AI Summary
Adia Nutrition, Inc. has fully repaid and discharged its unsecured revolving line of credit facility, originally entered into on June 30, 2024, with its Chief Executive Officer, Larry Powalisz, as the lender. The facility, which had a commitment of $1,000,000 and an interest rate of 6% per annum, was settled through payments totaling $934,970.94, including accrued interest. The lender has acknowledged the full satisfaction of all outstanding principal and interest as of October 9, 2026.
Key Highlights
- Adia Nutrition, Inc. fully repaid its $1,000,000 unsecured revolving line of credit facility.
- The Company made a final payment of $434,970.94 on October 9, 2026, including $74,658.94 in accrued interest.
- Total repayment to the lender, Larry Powalisz (CEO), amounted to $934,970.94.
- The line of credit bore interest at 6% per annum.
Price Impact
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