Lendway shares surge 16.37% after-hours after increasing authorized shares to 10 million and expanding credit facility to $10 million.

Lendway, Inc. (NASDAQ:LDWY) surged 16.37% in after-hours trading following shareholder approval to increase its authorized common shares from 5.7 million to 10 million and the expansion of its credit facility. The share increase, approved by a majority of shareholders at the 2025 Annual Meeting, provides flexibility for future capital-raising activities, while the temporary boost in its revolving credit line from $6 million to $10 million, along with $4 million in new notes, enhances liquidity. These moves, part of ongoing efforts to strengthen financial positioning, signal improved operational capacity and investor confidence in the company’s strategic direction.