secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0000891092-22-000113
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands issues $200,002 in promissory notes to CEO Kevin Frija at 24% interest
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- Two unsecured promissory notes for $100,001 each issued to CEO Kevin Frija on Jan 18 and Jan 19, 2022.
- Interest rate 24% per annum; Holder may deduct $500 per business day via ACH until repaid.
- Principal and accrued interest due Jan 18, 2023 (Jan 18 Note) and Jan 19, 2023 (Jan 19 Note).
- Kevin Frija is Chairman, CEO, President, principal financial and accounting officer, and a significant stockholder.
- Related-party transaction; proceeds received by company but no stated use beyond general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000089109222000113/0000891092-22-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000089109222000113/vprb8k1221.htm
  HTML page:      https://secwatch.observer/filing/0000891092-22-000113

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