APPlife Digital Solutions Inc (ALDS): debt financing — Applife Digital Solutions issues $187K convertible note to Labrys Fund at 25% discount

APPlife Digital Solutions Inc

Company sells $187,000 convertible note to Labrys Fund II, L.P. for $167,000; note bears 12% interest, matures Aug 1, 2026.
Payment schedule: $104,720 due Jan 30, 2026; five monthly payments of $17,453.33 from Feb to June; balance at maturity.
Upon default, note convertible into common stock at 75% of 5-day average closing price; 4.99% beneficial ownership cap.
Proceeds for general working capital; issuance under Section 4(a)(2) and Regulation D private placement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

APPlife Digital Solutions Inc incurred convertible notes of aggregate principal amount of $187,000 with an investor at one time interest at a rate of twelve percent (12%) per annum maturing August 1, 2026.

Instrument: convertible notes
Principal: aggregate principal amount of $187,000
Counterparty: an investor
Rate: one time interest at a rate of twelve percent (12%) per annum
Maturity: August 1, 2026
Event: incurrence

Exact text from the filing

Effective August 1, 2025, Applife Digital Solutions, Inc. (the “Company”) entered into and closed a securities purchase agreement (the “Purchase Agreement”) with an investor (the “Investor”), pursuant to which the Investor agreed to purchase a convertible promissory note from the Company in the aggregate principal amount of $187,000 (the “Note”), for a purchase price of $167,000.

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Source: SEC EDGAR

accession 0001096906-25-001243

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