---
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"
generated_at: "2026-06-04T14:56:56.609141+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Auto Parts 4Less converts $461K debt to equity; lockup on shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001161697-24-000152
- form_type: 8-K
- cik: 0001438901
- company_name: Auto Parts 4Less Group, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-24-000152
- JSON: https://secwatch.observer/filing/0001161697-24-000152.json
- Plain text: https://secwatch.observer/filing/0001161697-24-000152.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Robert J. Brown
  - Value: 46,145,000 shares of common stock in exchange for $461,450 of indebtedness
  - Effective: 2024-03-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/0001161697-24-000152-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.