Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SEAFARER EXPLORATION CORP incurred loan of up to $1 million with an individual lender who is not an officer or director of the Company at 6% per annum maturing one year anniversary dates.
- Instrument
- loan
- Principal
- up to $1 million
- Counterparty
- an individual lender who is not an officer or director of the Company
- Rate
- 6% per annum
- Maturity
- one year anniversary dates
- Event
- incurrence
Exact text from the filing
On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SEAFARER EXPLORATION CORP entered into Loan Agreement with an individual lender not an officer or director of the Company valued at up to $1 million (effective 2023-11-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- an individual lender not an officer or director of the Company
- Value
- up to $1 million
- Effective
- 2023-11-10
Exact text from the filing
On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).
View on SEC.gov