UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT
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Item 2.01 Completion of Acquisition or Disposition of Assets
As previously disclosed, on December 29, 2023, GB HRP, LLC (“GB”), a wholly owned subsidiary of Glassbridge Enterprises, Inc. (the “Company”), entered into a series of agreements with Point Digital Finance, Inc. (“Point”) pursuant to which GB committed to purchase an aggregate amount of $100,000,000 in home equity interest option assets originated by Point, meeting certain eligibility criteria on a servicing-retained basis through the use of a master titling trust.
On May 23, 2025, in connection with a securitization transaction of the master titling trust, GB sold home equity interest option assets for proceeds of approximately $23,400,000. After payment of expenses and amounts invested to purchase certain securities in the securitization transaction, GB received cash proceeds in the amount of approximately $18,800,000.
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.
| GlassBridge Enterprises, Inc. | |||
| Date: | May 30, 2025 | By: | /s/ Daniel Strauss |
| Daniel Strauss | |||
| Chief Executive Officer | |||