secwatch.observer — SEC 8-K summary
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Issuer:     iWallet Corp (IWAL)
CIK:        0001498372
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001139020-25-000172
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iWallet enters development pact with Trafton for Slim 2025, iClutch, iPassport
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- iWallet will pay $37,104 in outstanding invoices and issue 1M shares upon delivery of iClutch and iPassport prototypes.
- Estimated design cost for iWallet Slim 2025 is $129,900; iWallet can pay in stock at 2:1 ratio (two shares per dollar of invoice).
- Trafton to develop renderings and prototypes; iClutch delivery by June 23, 2025, iPassport by June 30, 2025.
- iWallet has option to buy back shares issued to Trafton at original invoice face value plus 12% annual interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498372/000113902025000172/0001139020-25-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498372/000113902025000172/iwal-20250611.htm
  HTML page:      https://secwatch.observer/filing/0001139020-25-000172

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