{"schema_version":"secwatch.filing_event.v1","accession":"0001161697-24-000152","form_type":"8-K","ticker":null,"cik":"0001438901","company_name":"Auto Parts 4Less Group, Inc.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.201645+00:00","generated_at":"2026-06-04T14:56:56.609141+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Auto Parts 4Less converts $461K debt to equity; lockup on shares","bullets":["Issued 46,145,000 shares to Robert J. Brown in exchange for $461,450 of debt, which is cancelled.","Expects to record a gain on debt cancellation of ~$461,450 in Q1 2024 Form 10-Q.","Shares subject to two-year lockup; issued without registration under Section 4(a)(2).","Follows March 11, 2024 conversion of nearly $1.2M debt, per CEO statement."],"urls":{"canonical":"https://secwatch.observer/filing/0001161697-24-000152","json":"https://secwatch.observer/filing/0001161697-24-000152.json","markdown":"https://secwatch.observer/filing/0001161697-24-000152.md","text":"https://secwatch.observer/filing/0001161697-24-000152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/0001161697-24-000152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T14:56:56.609141+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":"35ecb1f6b1a1e7c6f5c028e5ae2ec4485fe972a8","claim":"Auto Parts 4Less Group, Inc. entered into Exchange Agreement with Robert J. Brown valued at 46,145,000 shares of common stock in exchange for $461,450 of indebtedness (effective 2024-03-12).","evidence_excerpt":"On March 12, 2024, Auto Parts 4 Less Group, Inc., a Nevada corporation (the “Company”), entered into an Exchange Agreement (the “Brown Agreement”) with Robert J. Brown (“Brown”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/0001161697-24-000152-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Robert J. Brown"},{"label":"Value","value":"46,145,000 shares of common stock in exchange for $461,450 of indebtedness"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}