secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2021-12-10T23:59:59+00:00
Accession:  0000891092-21-007586
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands issues $100,001 promissory note to CEO at 24% interest with daily ACH withdrawals
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- Issued $100,001 unsecured promissory note to CEO Kevin Frija on Dec 8, 2021.
- Interest rate 24% per annum; principal and accrued interest due Dec 8, 2022.
- Holder may deduct $500 per business day via ACH from company bank account until repaid.
- Note is unsecured and prepayable at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221007586/0000891092-21-007586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221007586/vprb8k1221.htm
  HTML page:      https://secwatch.observer/filing/0000891092-21-007586

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