{"schema_version":"secwatch.filing_event.v1","accession":"0001161697-24-000121","form_type":"8-K","ticker":null,"cik":"0001438901","company_name":"Auto Parts 4Less Group, Inc.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.201382+00:00","generated_at":"2026-06-04T23:44:46.614086+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Auto Parts 4Less converts $1.2M debt and payables into stock, lifting equity","bullets":["Issued 64.59M shares to Sergio & Cheryl Salzano Family Trust to cancel $645,900 debt.","Issued 55.0M shares to North Industrial Machine LLC to cancel $549,978 debt.","Total conversion of $1,195,506 in debt and accounts payable; all shares have a two-year lockup.","Expects to report gains on cancellation of indebtedness of ~$645,900 and ~$549,978 in Q1 10-Q.","CEO cites strengthened balance sheet and aligned creditor long-term interests."],"urls":{"canonical":"https://secwatch.observer/filing/0001161697-24-000121","json":"https://secwatch.observer/filing/0001161697-24-000121.json","markdown":"https://secwatch.observer/filing/0001161697-24-000121.md","text":"https://secwatch.observer/filing/0001161697-24-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000121/0001161697-24-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000121/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:44:46.614086+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"352ab47725f57a3c6b8e3f1806fd5f0666923695","claim":"Auto Parts 4Less Group, Inc. entered into NIM Agreement with North Industrial Machine, LLC valued at 54,997,800 shares of common stock for cancellation of $549,978 of indebtedness (effective 2024-03-07).","evidence_excerpt":"On March 7, 2024, the Company entered into an Exchange Agreement (the “NIM Agreement”) with North Industrial Machine, LLC (“NIM”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000121/0001161697-24-000121-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"North Industrial Machine, LLC"},{"label":"Value","value":"54,997,800 shares of common stock for cancellation of $549,978 of indebtedness"},{"label":"Effective","value":"2024-03-07"}],"fact_type":"material_agreement"},{"claim_id":"f5cc6eca7b3feacd7b8239fffeeeb4a8c9d4d94f","claim":"Auto Parts 4Less Group, Inc. entered into Salzano Agreement with Sergio and Cheryl Salzano Family Trust valued at 64,590,000 shares of common stock for cancellation of $645,900 of indebtedness (effective 2024-03-06).","evidence_excerpt":"On March 6, 2024, Auto Parts 4 Less Group, Inc., a Nevada corporation (the “Company”), entered into an Exchange Agreement (the “Salzano Agreement”) with Sergio and Cheryl Salzano Family Trust (“Salzano”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000121/0001161697-24-000121-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Sergio and Cheryl Salzano Family Trust"},{"label":"Value","value":"64,590,000 shares of common stock for cancellation of $645,900 of indebtedness"},{"label":"Effective","value":"2024-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}