---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-039147"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2022-07-13T23:59:59+00:00"
generated_at: "2026-06-24T15:56:06.863361+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions signs Mario Lopez endorsement deal; $300K cash + 15M warrants

## Summary
- Two-year endorsement agreement with Pez-Mar, Inc. for Mario Lopez to serve as spokesperson effective July 8, 2022.
- Cash fee of $300,000: $125,000 upon signing, $125,000 quarterly, and $50,000 on first anniversary.
- Issues 15,000,000 warrants at $0.0345/share, 3-year term, vesting over term with acceleration on change of control.
- Warrants exercisable cashless if shares not registered; include piggyback registration rights.
- Lopez to provide social media posts, TV commercials, interviews, and photo shoots; standard non-compete and confidentiality.

## SEC filing metadata
- accession: 0001213900-22-039147
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2022-07-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390022039147/0001213900-22-039147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390022039147/ea162823-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-039147
- JSON: https://secwatch.observer/filing/0001213900-22-039147.json
- Plain text: https://secwatch.observer/filing/0001213900-22-039147.txt

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