debt
confidence high
sentiment neutral
materiality 0.30
Target Group extends CEO-related loan maturity to May 2025 via Tenth Amendment
Target Group Inc.
- Tenth Amending Agreement extends maturity of Original Loan to May 31, 2025.
- Original Loan from December 2019 was with a private individual who is brother of CEO Anthony Zarcone.
- Maturity extended to May 31, 2025, or earlier upon Lender's demand.
- All other terms and conditions of the loan remain unchanged.
- Loan has been amended ten times since 2019; prior amendments disclosed in multiple 8-K filings.