---
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"
generated_at: "2026-05-17T18:00:21.639871+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Applife Digital Solutions issues $187K convertible note to Labrys Fund at 25% discount

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-001243
- JSON: https://secwatch.observer/filing/0001096906-25-001243.json
- Plain text: https://secwatch.observer/filing/0001096906-25-001243.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/0001096906-25-001243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.