Business Context and Reporting Period
This Form 8-K is a joint filing by Manhattan Bridge Capital, Inc. ("MBC") and its wholly-owned subsidiary, MBC Funding II Corp. ("MBC Funding II"), dated November 26, 2025. The report addresses a specific corporate event regarding the company's debt obligations rather than a standard financial reporting period.
Key Financial Metrics and Debt
- Debt Instrument: 6.00% Senior Secured Notes, due April 22, 2026 (Symbol: LOAN/26).
- Outstanding Principal: $6,000,000 as of the Redemption Notice Date.
- Interest Rate: 6.00% per annum, payable monthly in arrears.
- Redemption Price: 100% of the outstanding principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date.
- Liquidity Impact: The filing does not provide specific cash flow or liquidity metrics regarding the funding source for this redemption.
Material Changes
The primary material change is the decision to redeem all outstanding Notes. On November 26, 2025, MBC Funding II delivered a notice of redemption to holders. Consequently, all Notes will be redeemed on December 15, 2025. Following this event, no Notes will remain outstanding, and the securities will cease to be listed on the NYSE American.
Outlook, Risks, and Management Commentary
Management has confirmed the intent to fully retire the debt obligation by December 15, 2025. The filing includes standard forward-looking statements warning that actual results may differ from expectations regarding the timing and completion of the redemption. The document references the "Risk Factors" section of the Annual Report on Form 10-K for the year ended December 31, 2024, for additional details on factors that could cause results to differ materially.
Investor Verification Checklist
- Verify the receipt of the official Redemption Notice by registered holders.
- Confirm the exact accrued interest amount payable as of December 15, 2025.
- Monitor the delisting of the LOAN/26 symbol from the NYSE American following the redemption date.
- Review the company's most recent 10-K for risk factors related to debt refinancing or liquidity.