FinTrade Sherpa, Inc. (FTSP): debt financing — FinTrade Sherpa borrows $74,811.50 from largest shareholder, pledges IP collateral

FinTrade Sherpa, Inc.

Borrowed $74,811.50 principal from Lode Star Gold (largest shareholder) at 15.0015% annual interest, maturing March 31, 2028.
Pledged Alpha-Optimus intellectual property (patents, trademarks, software) as collateral; UCC-1 filed April 1, 2026 in Texas.
Monthly payments of at least $8,000 starting June 1, 2026; interest applied first, then principal.
Lender may convert debt to shares at discount to market price upon default.
Note follows termination of financial support; indicates ongoing funding challenges.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FinTrade Sherpa, Inc. incurred loan of $74,811.50 as at the end of March 30, 2026 plus ongoing amounts due after the date of this filing with Lode Star Gold, INC at 0.0411% per day (15.0015% per annum), compounding daily maturing March 31, 2028.

Instrument: loan
Principal: $74,811.50 as at the end of March 30, 2026 plus ongoing amounts due after the date of this filing
Counterparty: Lode Star Gold, INC
Rate: 0.0411% per day (15.0015% per annum), compounding daily
Maturity: March 31, 2028
Event: incurrence

Exact text from the filing

Under the terms of the Interim Promissory Note, the Company granted the Lender a Security Interest in certain intellectual property assets, namely its Alpha-Optimus project including but not limited to trademarks, copyrights, patents, trade secrets, proprietary software, and related goodwill (collectively, the “IP Collateral”). The Security Interest was granted in connection with the Company’s entry into an Interim Promissory Note dated April 8, 2026 under which the Lender provided periodic interim financing in the aggregate principal amount of $74,811.50 as at the end of March 30, 2026 plus ongoing amounts due after the date of this filing. Retroactive to April 1, 2026, FinTrade will pay a daily compounding interest rate of 0.0411% or 15.0015% per annum. The Company also agrees that all payments applied to the debt shall be applied to the total interest accrued first before being applied to the principal balance. The period of this indebtedness will mature on March 31, 2028

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FinTrade Sherpa, Inc. entered into Interim Promissory Note with Lode Star Gold, INC valued at aggregate principal amount of $74,811.50 (effective 2026-04-08).

Action: entry
Agreement: credit facility
Counterparty: Lode Star Gold, INC
Value: aggregate principal amount of $74,811.50
Effective: 2026-04-08

Exact text from the filing

On April 8, 2026 FinTrade Sherpa, INC (the “Company”) entered into an Interim Promissory Note with Lode Star Gold, INC (the “Lender”)

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26 debt financings filed in the last 30 days. Browse all debt financings →

FinTrade Sherpa, Inc. filing history →

Source: SEC EDGAR

accession 0001199835-26-000105

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