secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001213900-22-058186
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands issues $100K promissory note to CEO Kevin Frija at 24% interest
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- Promissory note for $100,001 issued to CEO Kevin Frija on Sept 20, 2022.
- Interest rate of 24% per annum; maturity on Sept 20, 2023.
- Holder may deduct $500 per business day via ACH from company bank account.
- Note is unsecured; proceeds used for general corporate purposes.
- Related-party transaction: Frija is CEO, President, Chairman, and significant stockholder.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000121390022058186/0001213900-22-058186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000121390022058186/ea166173-8k_vprbrands.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-058186

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