Stewards, Inc. has terminated a previously announced bridge financing agreement with Accretiv Investment Holdings Inc. effective September 21, 2026. The termination was formalized through a Termination and Release Agreement executed on that date.
The agreement involved the cancellation of a Promissory Note dated September 2, 2026, with an original principal amount of $1,500,000. The Note was intended to provide secured, short-term bridge financing, with the principal originally scheduled to be due on September 21, 2026. The deal also included a related Security Agreement granting a junior security interest in the company's personal property.
According to the filing, the Lender did not advance any portion of the principal amount, and the Company did not receive any loan proceeds. Consequently, no principal is outstanding, and the stipulated lender return of $75,000 was not earned. The Company states that no event of default occurred and that it does not owe the Lender any principal, interest, or other amounts under the agreements.
Under the terms of the Termination Agreement, the Lender has irrevocably released all liens or security interests arising from the Note and Security Agreement. The parties have granted mutual releases of claims related to the financing and the absence of funding. The filing notes that the Company incurred no early termination penalty and is not required to pay any termination fee to the Lender.
