secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2022-07-08T23:59:59+00:00
Accession:  0001096906-22-001580
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners accelerates $1.375M note repayment to Dec 2022; extends building purchase to Dec 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622001580/0001096906-22-001580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622001580/lsfp-20220705.htm
  HTML page:      https://secwatch.observer/filing/0001096906-22-001580

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