secwatch.observer — SEC 8-K summary
======================================

Issuer:     Auto Parts 4Less Group, Inc. (—)
CIK:        0001438901
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001161697-24-000152
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/0001161697-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438901/000116169724000152/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-24-000152

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