secwatch.observer — SEC 8-K summary
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Issuer:     VERDE BIO HOLDINGS, INC. (APHD)
CIK:        0001490054
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001096906-22-001428
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Bio issues $200K promissory note at 12% interest to 1800 Diagonal Lending
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- Promissory note of $200,200 (incl. $21,450 OID) issued to 1800 Diagonal Lending LLC on June 3, 2022.
- Note bears 12% annual interest, matures on June 3, 2023; proceeds for general working capital.
- Upon default, note converts to common stock at 75% of lowest trading price in prior 10 trading days.
- Securities issued unregistered under Section 4(a)(2) of the Securities Act as a private placement.
- Authorized common stock: 5B shares; 1.18B shares outstanding as of agreement date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490054/000109690622001428/0001096906-22-001428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490054/000109690622001428/vbhi-20220603.htm
  HTML page:      https://secwatch.observer/filing/0001096906-22-001428

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