American Marconi Wireless News - Charlie's Holdings (OTCQB:CHUC) Secures $2.0 Million Credit Facility with Independent Board Member

COSTA MESA, CA / ACCESS Newswire / August 26, 2025 / Charlie's Holdings, Inc. (OTCQB:CHUC) ("Charlie's" or the "Company"), an industry leader in the premium vapor products space, today reported that the Company has signed a very favorable $2 million credit facility with Michael D. King, one of the independent members of Charlie's Board of Directors.

Early SBX sales in several regions across the Southeast have exceeded Company expectations. Non-nicotine SBX provides a great way for adults who use conventional vape products - or combustible cigarettes - to enjoy the taste and sensation of traditional flavored nicotine products in a distinctive new product that is legal across most of the United States. In a Company-sponsored focus group survey of adult consumers who vape, Charlie's non-nicotine SBX Disposables were preferred over Juul tobacco-flavored vapes 15:1.

In order to both facilitate increased SBX inventory purchases and to fuel the Company's growth in the mass market convenience store channel, Michael D. King, independent Board Member and current owner of more than 2.5% the Company, has agreed to loan Charlie's up to $2,000,000 (in three separate tranches) at an interest rate of 13% for a period of 12 months per tranche, with a balloon payment for interest and principal to be paid at the one-year anniversary of each tranche. Accordingly, with an initial $1 million loan, and two subsequent $500,000 tranches, this debt/credit facility gives the Company the discretion to borrow funds, as needed, as demand continues to grow for the SBX product line. This credit facility is not convertible to equity, does not include warrants, and is exceptionally "company friendly."

Further, if Company sales warrant, Mr. King has indicated his willingness to consider additional loans in coming months.

"We are fortunate to have the problem of requiring more funds to meet market demand for SBX… and we are absolutely determined to grow prudently," explained Henry Sicignano, Charlie's President. "Though most public companies in our position may have initiated a dilutive equity financing… taken on convertible debt… or borrowed at usurious rates offered by private lenders, COO Ryan Stump and I were determined to secure excellent financing terms for Charlie's. Indeed, we believe Mike King's credit facility is exceptionally beneficial to CHUC shareholders."

Michael D. King, independent Board Member and private investor commented, "CHUC has a compelling strategic plan, tangible competitive advantages, and a management team with more skin in the game than any other public company I know. I look forward to CHUC uplisting to a national securities exchange… hopefully at a much higher market cap. Henry and Ryan have my unwavering support."

About Charlie's Holdings, Inc.

Charlie's Holdings, Inc. (OTCQB:CHUC) is an industry leader in the premium vapor products space. The Company's products are sold around the world to select distributors, specialty retailers, and third-party online resellers through subsidiary company Charlie's Chalk Dust, LLC has developed an extensive portfolio of brand styles, flavor profiles, and innovative product formats.

For additional information, please visit Charlie's corporate website at: Chuc.com and the Company's branded online websites: sbxvape.com, CharliesChalkDust.com, enjoypachamama.com, and Pacha.co.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company's overall business, existing and anticipated markets and expectations regarding future sales and expenses. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms, and similar expressions, are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ongoing ability to quote its shares on the OTCQB; whether the Company will meet the requirements to up-list to a national securities exchange in the future; the Company's ability to successfully increase sales and enter new markets; whether the Company's PMTA's for its nicotine-containing products will be authorized by the FDA, and the FDA's decisions with respect to the Company's future PMTA's for nicotine products; the Company's ability to manufacture and produce products for its customers; the Company's ability to formulate new products; the acceptance of existing and future products; the complexity, expense and time associated with compliance with government rules and regulations affecting nicotine, synthetic nicotine, products containing nicotine substitutes, and products containing cannabidiol; litigation risks from the use of the Company's products; risks of government regulations; the impact of competitive products; and the Company's ability to maintain and enhance its brands, as well as other risk factors included in the Company's most recent quarterly report on Form 10-Q, annual report on Form 10-K, and other SEC filings. These forward-looking statements are made as of the date of this press release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investors Contact:
[email protected]
Phone: 949-570-069

SOURCE: Charlie's Holdings, Inc.

View the original press release on ACCESS Newswire

O.Johnson--AMWN