The "lender" for the $25 million is Keystone Capital.........a Toxic Lender. The $25 million amount is meaningless - debt will be issued one Toxic Convertible Note at a time.
They'll issue a note convertible to shares at some huge discount and the result will be dilution, dilution, and more dilution.
Fortunately, toxic lenders like Keystone are under a lot of pressure these days with some facing serious legal consequences for their predatory lending:
Power Up Lending Ltd., Geneva Roth Remark Holdings, Inc., and 1800 Diagonal Lending, LLC (formerly known as Sixth Street Lending LLC) are all in big trouble for for operating as unregistered securities dealers.
Here's another interesting article, kind of a long read, but tells you all you want to know about toxic lenders: