{"schema_version":"secwatch.filing_event.v1","accession":"0001096906-25-001243","form_type":"8-K","ticker":"ALDS","cik":"0001755101","company_name":"APPlife Digital Solutions Inc","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.882664+00:00","generated_at":"2026-05-17T18:00:21.639871+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Applife Digital Solutions issues $187K convertible note to Labrys Fund at 25% discount","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-25-001243","json":"https://secwatch.observer/filing/0001096906-25-001243.json","markdown":"https://secwatch.observer/filing/0001096906-25-001243.md","text":"https://secwatch.observer/filing/0001096906-25-001243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/0001096906-25-001243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/alds-20250801_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T18:00:21.639871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6589632c650253fd5b5e8d8e75bf7a8cb682b9be","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/0001096906-25-001243-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $187,000"},{"label":"Counterparty","value":"an investor"},{"label":"Rate","value":"one time interest at a rate of twelve percent (12%) per annum"},{"label":"Maturity","value":"August 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}