secwatch.observer — SEC 8-K summary
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Issuer:     HAMMER TECHNOLOGY HOLDINGS CORP. (HMMR)
CIK:        0001539680
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001062993-24-016083
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hammer Fiber Optics borrows $791,546 from board member at 6% to repay existing note
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- Loan principal $791,546 from director Michael Sevell at 6% flat interest, maturing March 1, 2025.
- Proceeds used to fully satisfy promissory note previously issued to Mast Hill Fund L.P.
- Loan has six-month term; prepayment allowed without penalty.
- Default provisions provide 15-day cure period; lender may accelerate or accrue interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539680/000106299324016083/0001062993-24-016083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539680/000106299324016083/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-016083

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