secwatch.observer — SEC 8-K summary
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Issuer:     VERDE BIO HOLDINGS, INC. (APHD)
CIK:        0001490054
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001096906-23-000161
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Bio issues $71,960 promissory note with 12% interest to 1800 Diagonal Lending
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- Issued $71,960 promissory note (incl. $7,710 original issue discount) to 1800 Diagonal Lending LLC, maturing Jan 9, 2024.
- Interest rate 12%; convertible upon default at 75% of market price based on lowest trading price over 10 trading days.
- Proceeds for general working capital; company reimbursed buyer $4,250 for legal and due diligence fees.
- Note sold under Section 4(a)(2) exemption; conversion shares unregistered and subject to restrictive legend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490054/000109690623000161/0001096906-23-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490054/000109690623000161/vbhi-20230119.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-000161

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