secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2021-10-13T23:59:59+00:00
Accession:  0000891092-21-006826
Event type: debt
Sentiment:  negative
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands issues $100,001 promissory note to CEO Kevin Frija at 24% interest
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- Company issued $100,001 unsecured promissory note to CEO/Chairman Kevin Frija, maturing Oct 8, 2022.
- Interest at 24% per annum; holder may deduct $500 per business day via ACH until repaid.
- Note is a related-party debt instrument; terms reflect high cost of capital.
- Proceeds not specified; note appears to fund short-term working capital needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221006826/0000891092-21-006826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221006826/vprb8k0921.htm
  HTML page:      https://secwatch.observer/filing/0000891092-21-006826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer