---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-26-000105"
form_type: "8-K"
ticker: "FTSP"
cik: "0001319643"
company_name: "FinTrade Sherpa, Inc."
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:20:12.110417+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FinTrade Sherpa borrows $74,811.50 from largest shareholder, pledges IP collateral

## Summary
- 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.

## SEC filing metadata
- accession: 0001199835-26-000105
- form_type: 8-K
- ticker: FTSP
- cik: 0001319643
- company_name: FinTrade Sherpa, Inc.
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/0001199835-26-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/ftsp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-26-000105
- JSON: https://secwatch.observer/filing/0001199835-26-000105.json
- Plain text: https://secwatch.observer/filing/0001199835-26-000105.txt

## Source-grounded claims
- claim_id: 2930eb995af999f00930f9b29a5b7e4a52c4a26e
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/0001199835-26-000105-index.htm
- claim_id: 917ad58ebceb673676396a7b2a08a78e164d4626
  claim: 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).
  evidence_excerpt: On April 8, 2026 FinTrade Sherpa, INC (the “Company”) entered into an Interim Promissory Note with Lode Star Gold, INC (the “Lender”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/0001199835-26-000105-index.htm

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