other material
confidence high
sentiment neutral
materiality 0.60
LFTD Partners accelerates $1.375M note repayment to Dec 2022; extends building purchase to Dec 2023
LFTD PARTNERS INC.
- Remaining note balance $1,833,334; $1,374,999 (75%) accelerated to Dec 31, 2022; final $458,335 due Dec 31, 2024.
- Building purchase deadline extended by one year to Dec 31, 2023; price fixed at $1,375,000.
- If LFTD raises $5M+ in equity/debt, entire note and building purchase become due within 2 days.
- Sublease from CSO Bill McLaughlin for Chicago office at $3,000/month plus supplemental; term June 1 to Oct 31, 2022.
- Note payable to former Lifted owner Nicholas Warrender; building owned by Warrender's entity 95th Holdings.