secwatch.observer — SEC 8-K summary
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Issuer:     FinTrade Sherpa, Inc. (FTSP)
CIK:        0001319643
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001199835-26-000105
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/0001199835-26-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319643/000119983526000105/ftsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-26-000105

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