---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-053834"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2022-09-02T23:59:59+00:00"
generated_at: "2026-06-23T16:31:12.983589+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions extends convertible notes, issues new warrants to Cavalry and Mercer

## Summary
- Extended $572K convertible notes to each of Cavalry and Mercer to Nov 16, 2022; principal increased 20% to $1,091,754.13 each.
- Issued each holder a 5-year warrant to purchase 3,000,000 shares at $0.15/share, diluting equity further.
- Original warrants had exercise price $0.24; new warrants lower at $0.15.
- Extension replaces prior Feb 2022 extension which added 10% principal.

## SEC filing metadata
- accession: 0001213900-22-053834
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2022-09-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390022053834/0001213900-22-053834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390022053834/ea165309-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-053834
- JSON: https://secwatch.observer/filing/0001213900-22-053834.json
- Plain text: https://secwatch.observer/filing/0001213900-22-053834.txt

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