Business
Luminar Media Group - Fortun Evaluating Institutional Non-Dilutive Credit Facility to Expand Small-Business Funding Platform
Luminar Media Group - Fortun Evaluating Institutional Non-Dilutive Credit Facility to Expand Small-Business Funding Platform.
About this update from Luminar Media Group, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Luminar Media Group - Fortun Evaluating Institutional Non-Dilutive Credit Facility to Expand Small-Business Funding Platform\r\n \r\n \r\n\r\n\r\nLuminar Media Group - Fortun Evaluating Institutional Non-Dilutive Credit Facility to Expand Small-Business Funding Platform\r\n\r\n\r\n\r\n\r\n\r\nCompany Engages Consultant and Enters Underwriting Discussions with Prospective Credit Providers as Part of Strategy to Scale Originations Without Equity Dilution MIAMI, FLORIDA / ACCESS Newswire / March 11, 2026 / Luminar Media Group, Inc. (OTCID:LRGR) (\"Luminar\" or the \"Company\"), a diversified financial technology holding company focused on revenue-based financing through its Fortun platform today provided a corporate update regarding a financing initiative designed to support the continued expansion of its small-business funding platform.\r\n The Company announced that it has engaged a consultant with experience in structuring institutional credit facilities and funding lines of credit to assist management in evaluating potential non-dilutive financing structures intended to increase the capital available for the Company's revenue-based financing and merchant cash advance operations. The consultant's engagement is structured as a cash-based arrangement consisting of a retainer and potential success fees and does not include any equity compensation.\r\n The Company is currently seeking to establish a potential multi-million-dollar line of credit and is in discussions with multiple credit institutions regarding the facility. The Company is presently in the underwriting phase with two prospective credit providers, while also holding preliminary discussions with additional institutions. If obtained, the facility would be intended to provide additional capital to fund small-business advances originated through the Company's platform, enabling the Company to meet growing demand while expanding funding capacity through non-dilutive capital.\r\n Scaling Through Non-Dilutive Capital and a Repeatable Funding Model\r\n Management believes that access to a properly structured credit facility could strengthen the Company's ability to scale originations by increasing the capital available for funding transactions while avoiding equity dilution.\r\n Because capital deployment is central to the Company's business model, managemen...