Edkey, the charter school network behind Sequoia Pathway Academy, has received a $1 million emergency cash infusion from its bond trustee as it continues working through a severe financial crisis that has prompted state intervention, school closures and declining enrollment.

According to a notice sent to investors yesterday by UMB Bank, the trustee overseeing more than $112 million of Edkey related bond debt, a majority of bondholders directed the bank to advance the funds to help the network meet short-term operating needs.

Edkey must repay the money by Feb. 28, 2026.

The payment is tied to Edkey’s ongoing forbearance agreement , which paused principal payments after the organization fell behind on debt last year . Bondholders recently agreed to restart nearly a year of suspended i

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