---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-012873"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T08:00:49.314350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions raises $425k via convertible notes and warrants

## Summary
- Gross proceeds of $425,000 from 7 accredited investors; upsized to $600,000 if fully subscribed.
- 12-month Notes at 8% interest, convertible at $0.0115 per share.
- Five-year Warrants to purchase up to 36,956,521 shares at $0.0115 exercise price per share.
- Conversion and exercise limited to 4.99% beneficial ownership per holder; cap may be increased to 9.99% after 61 days.
- Securities issued under Section 4(a)(2) and Rule 506(b) exemption; no registration rights granted.

## SEC filing metadata
- accession: 0001213900-23-012873
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390023012873/0001213900-23-012873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390023012873/ea173919-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-012873
- JSON: https://secwatch.observer/filing/0001213900-23-012873.json
- Plain text: https://secwatch.observer/filing/0001213900-23-012873.txt

## Key facts
- Debt Financings
  Innovative Payment Solutions, Inc. incurred convertible notes of $425,000 at 8% per annum maturing 12 months.
  - Instrument: convertible notes
  - Principal: $425,000
  - Rate: 8% per annum
  - Maturity: 12 months
  - Event: incurrence
  source text: Between February 13, 2023 and February 17, 2023, Innovative Payment Solutions, Inc. (the “Company”), entered into Securities Purchase Agreements (the “Securities Purchase Agreement”) with 7 accredited investors (collectively the “Investors,” and each an “Investor”), pursuant to which the Company received an aggregate of $425,000 in gross proceeds from the Investors through the initial closing of a private placement issuance of: ● Convertible Notes Promissory (the “Notes” and each a “Note”);
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390023012873/0001213900-23-012873-index.htm
- Material Agreements
  Innovative Payment Solutions, Inc. entered into Securities Purchase Agreement with 7 accredited investors valued at $425,000 (effective 2023-02-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 7 accredited investors
  - Value: $425,000
  - Effective: 2023-02-13
  source text: Between February 13, 2023 and February 17, 2023, Innovative Payment Solutions, Inc. (the “Company”), entered into Securities Purchase Agreements (the “Securities Purchase Agreement”) with 7 accredited investors (collectively the “Investors,” and each an “Investor”), pursuant to which the Company received an aggregate of $425,000 in gross proceeds from the Investors through the initial closing of a private placement issuance of:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390023012873/0001213900-23-012873-index.htm

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