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Starco Brands enters amendment to forbearance agreement with lender

Published 02/12/2025, 00:18
Starco Brands enters amendment to forbearance agreement with lender

Starco Brands, Inc. (OTC:STCB) announced Monday that it has entered into Amendment No. 1 to its existing Forbearance Agreement with Gibraltar Business Capital, LLC, related to its revolving loan facility. The amendment, dated November 24, 2025, involves Starco Brands and its subsidiaries, including Whipshots Holdings, LLC, Whipshots, LLC, The AOS Group Inc., Skylar Body, LLC, and Soylent Nutrition, Inc.

According to a statement in the company’s SEC filing, the amendment acknowledges the existence of certain continuing events of default under the loan agreement. Under the terms of the amendment, Gibraltar Business Capital has agreed, subject to specified conditions, to forbear from exercising remedies related to these defaults through December 31, 2025, or until any additional events of default occur.

The amendment does not constitute a waiver of any existing defaults, and the lender reserves all rights and remedies under the original loan documents.

This information is based on a press release statement contained in a Form 8-K filing with the Securities and Exchange Commission.

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