Auto Parts 4Less Group issues $39,111 convertible promissory note to Cavalry Fund I

Auto Parts 4Less Group, Inc.

Note issued for $35,200.08 cash; principal $39,111 (OID $3,911.12); matures Oct 31, 2024.
Convertible into common stock at $0.01/share, 180 days from Feb 6, 2024 or upon default; 4.99% beneficial ownership cap.
Exempt from registration under Section 4(a)(2) and Regulation D; Cavalry Fund I is an accredited investor.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Auto Parts 4Less Group, Inc. entered into Note with Cavalry Fund I, LP valued at $35,200.08 (effective 2024-02-06).

Action: entry
Counterparty: Cavalry Fund I, LP
Value: $35,200.08
Effective: 2024-02-06

Exact text from the filing

On February 6, 2024, Auto Parts 4Less Group, Inc., a Nevada corporation (the “Company”), issued a promissory note (the “Note”) to Cavalry Fund I, LP, a Delaware limited partnership (“Investor”) for $35,200.08 of cash.

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Source: SEC EDGAR

accession 0001161697-24-000110

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