# EDGAR Filing Document

**Accession Number:** 0001014111
**File Stem:** 0001641172-25-016529
**Filing Date:** 2025-6
**Character Count:** 8470
**Document Hash:** 2a026ea8e996ec486efc8ff420d1de98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-016529.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001641172-25-016529

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250619

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GlassBridge Enterprises, Inc.
- **CENTRAL INDEX KEY:** 0001014111
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 411838504
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14310
- **FILM NUMBER:** 251074576

**BUSINESS ADDRESS:**
- **STREET 1:** 551 MADISON AVE
- **STREET 2:** SUITE 800
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-220-3300

**MAIL ADDRESS:**
- **STREET 1:** 551 MADISON AVE
- **STREET 2:** SUITE 800
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IMATION CORP
- **DATE OF NAME CHANGE:** 19960619

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 3M INFORMATION PROCESSING INC
- **DATE OF NAME CHANGE:** 19960619

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (date of earliest reported event): June 19, 2025**

**GLASSBRIDGE ENTERPRISES, INC.**

(Exact name of registrant as specified in its charter)

**Commission File No. 001-14310**

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| | |
|:---|:---|
| **Delaware** | **41-1838504** |
| (State or other jurisdiction of<br> Incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

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| | |
|:---|:---|
| **551 Madison Ave Suite 1000**<br> **New York, New York** | **10022** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's Telephone Number, including Area Code: **(212) 220-3300**

**<u>551 Madison Avenue, Suite 800, New York, New York 10022</u>**

Former name or former address, if changed since last report.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None | Not applicable | None |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

As previously reported, on July 16, 2024, GlassBridge Enterprises, Inc. (the "Company") entered into a loan transaction with Alex Spiro ("Spiro"), the Chairman of the Board of Directors of the Company pursuant to which Spiro agreed to lend the Company $10,000,000 and the Company issued a promissory note in the maximum principal amount of up to $10,000,000 (the "Promissory Note").

On June 19, 2025, the Company and Spiro entered into a letter agreement which provided that (i) the Company would make a payment of $6,000,000 under the Promissory Note and, after such payment, the principal amount of the Promissory Note would be reduced to $4,000,000 and (ii) the maturity date under the Promissory Note would be extended to January 16, 2027 or such earlier date on which repayment has been accelerated as provided in Section 10 of the Promissory Note. This summary description does not purport to be complete and is qualified in its entirety by reference to the letter agreement, which is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1† [Letter Agreement by and between GlassBridge Enterprises, Inc. and Alex Spiro, dated June 19, 2025](ex10-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  | GlassBridge Enterprises, Inc. | GlassBridge Enterprises, Inc. |
| Date: | June 25, 2025 | By: | */s/ Daniel Strauss* |
|  |  |  | Daniel Strauss |
|  |  |  | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**Glassbridge Enterprises, Inc.**

**551 Madison Avenue, Suite 800**

**New York, New York 10022**

June 19, 2025

Alex Spiro

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| | |
|:---|:---|
| Re: | Promissory Note (Revolver) (as the same may be amended or modified from time to time, "**Note**"), dated as of July 16, 2024, by Glassbridge Enterprises, Inc., a Delaware corporation ("**Maker**"), for the benefit of Alex Spiro ("**Payee**") |

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Alex:

Reference is made to the Note. Capitalized terms used but not otherwise defined in this letter agreement (this "**Letter Agreement**") shall have the respective meanings ascribed to such terms in the Note.

Maker and Payee agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. On or prior to July 31, 2025, Maker shall make a payment of principal owing under the Note in the amount
of $6,000,000.00 and, on and after giving effect to such repayment, (a) the aggregate outstanding principal amount of the Advances shall
be reduced by the amount of such repayment, and (b) <u>Section 2(a)</u> of the Note shall be deemed to be amended to reduce the amount
of the Commitment to $4,000,000.00.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Section 2(d)</u> of the Note is hereby deleted in its entirety.

&nbsp;&nbsp;&nbsp;&nbsp;3. The definition of " <u>Maturity Date</u> " contained in <u>Section 25</u> of the Note is hereby
amended in its entirety to provide as follows:

""**<u>Maturity Date</u>**" means January 16, 2027, or such earlier date on which the repayment of the Obligations has been accelerated as provided in Section 10 hereof."

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Sections 13, 15, 16, 17, 19, 20, 21, 23 and 24</u> of the Note are hereby incorporated in this Letter
Agreement by reference to the same extent and with the same force as if fully set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;5. Maker shall reimburse Payee on demand for all reasonable and documented out-of-pocket fees, costs and
expenses incurred in connection with the negotiation, execution and delivery this Letter Agreement and the amendment of the Note hereby.

&nbsp;&nbsp;&nbsp;&nbsp;6. This Letter Agreement amends the Note and except as specifically modified or amended by the terms of this
Letter Amendment, all other terms and provisions of the Note shall continue in full force and effect. Nothing in this Letter Agreement
shall be construed as a novation of the Note or any of the indebtedness evidenced thereby.

[The Remainder of the Page is Intentionally Blank]

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **GLASSBRIDGE ENTERPRISES, INC.**, | **GLASSBRIDGE ENTERPRISES, INC.**, |
| a Delaware corporation | a Delaware corporation |
| By: | /s/ Daniel Strauss |
| Name: | Daniel Strauss |
| Title: | Chief Executive Officer |

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The terms and conditions set forth in this Letter Agreement have been reviewed and agreed to by the undersigned as of the date set forth above.

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| | |
|:---|:---|
| **<u>PAYEE</u>:** | **<u>PAYEE</u>:** |
| By: | /s/ Alex Spiro |
| Name: | Alex Spiro |

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