secwatch.observer — SEC 8-K summary
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Issuer:     APPlife Digital Solutions Inc (ALDS)
CIK:        0001755101
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001096906-25-001243
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/0001096906-25-001243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755101/000109690625001243/alds-20250801_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001243

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