BLND and CDLX are both facing debt pressures and need to adjust their business scale, but both are actively guiding future positive cash flow prospects—this situation does not constitute a fatal flaw. Industry sources reveal that the financing teams for both projects are pushing forward with restructuring or private equity financing plans, which are expected to replicate the previous Haveli operational model. Supported by optimistic cash flow expectations, this type of PE structured financing can usually effectively improve the balance sheet and unlock project growth potential. It is worth paying attention to the subsequent developments of these two projects in terms of financing.