Polished receives Notice of Acceleration from lenders under credit agreement

Polished.com provided the following corporate updates: “The company has received a Notice of Acceleration from its lenders asserting certain events of default relating to non-payment of certain principal and interest amounts and fees due and payable under the May 9, 2022 Credit Agreement on January 31, 2024. The company is seeking to reach a resolution with the lenders and will pursue a defense to any potential enforcement action taken by the lenders. Additional information can be found on the Current Report on Form 8-K that the company filed with the U.S. Securities and Exchange Commission on February 12, 2024.”