Dalrada Financial Corporation 8-K Filing

Dalrada Financial Corporation, through its subsidiary Dalrada Technology Group, Inc., received a notice of default from its lenders, Nautilus Parent Holdings, LLC and Nautilus Funding Solutions, LLC – Series XIII. The defaults are attributed to the borrowers' failure to make required payments under various loan agreements, including a Term Loan Agreement dated July 25, 2023, and several Loan and Security Agreements. The lenders have demanded a cure payment of $500,000 by May 1, 2026. Failure to make this payment could result in the acceleration of loan balances and enforcement actions. The company is currently reviewing the notice and plans to discuss resolution with the lenders. There is no certainty that the defaults will be cured or that enforcement actions will be avoided.