secwatch.observer — SEC 8-K summary
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Issuer:     APPlife Digital Solutions Inc (ALDS)
CIK:        0001755101
Form:       8-K
Filed at:   2026-08-12T17:36:05+00:00
Accession:  0001096906-26-001208
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APPlife issues $170K 6% convertible note with 65% conversion discount
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- Issued 6% convertible redeemable note, principal $170,000, OID $17,000, net proceeds $153,000.
- Matures Aug 5, 2027; convertible after 6 months at 65% of lowest 20-day trading price; 4.99% ownership cap.
- Prepayment allowed first 180 days at 105%-140% of outstanding; $6,000 buyer legal fee deducted from proceeds.
- Sold to accredited investor under Regulation D; shares issuable upon conversion unregistered, subject to legend.
- Existing convertible notes may trigger anti-dilution/MFN provisions per Schedule 3(e) of purchase agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755101/000109690626001208/0001096906-26-001208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755101/000109690626001208/alds-20260805_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-001208

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