Bloomia Dips as Debt Maturity Hangs Over TULP
Bloomia Holdings shares fell 1.7% to $3.86 in light Nasdaq trading Friday, staying below the $4.05 rights offering price from April. The company faces a May 27 deadline to pay a seller note after recent filings flagged covenant issues. Bloomia posted a March-quarter net loss of $765,000 despite higher revenue. Gross margin dropped to 19.8% from 31.3% a year earlier.