Solence, Inc. (NASDAQ: SLSN) announced on October 5, 2026, that it has entered into three separate amendments to its loan agreements with affiliates of its controlling shareholder, Bradford T. Whitmore. The amendments, dated September 30, 2026, were executed with Strandler, LLC and Beachcorp, LLC.
Under the terms of the agreements, the maturity dates for the loans have been extended. The Fourth Amendment to the Business Loan Agreement with Strandler, LLC extends the maturity to May 31, 2028. Similarly, the Fourth Amendments to the Amended and Restated Business Loan Agreement and the Business Loan Agreement with Beachcorp, LLC also extend the maturity dates to May 31, 2028.
The company noted that the description of the terms and conditions of the Loan Agreement Amendments is not complete and is qualified in its entirety by the full text of the amendments, which are filed as exhibits to this Current Report on Form 8-K.
