secwatch.observer — SEC 8-K summary
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Issuer:     Applied UV, Inc. (—)
CIK:        0001811109
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-023146
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied UV borrows $772,500 at 28% APR from Cedar Advance LLC
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- Borrowed $772,500 from Cedar Advance LLC at 28% annual interest rate, including broker's fees and origination, for 40 weeks.
- Loan proceeds for general corporate purposes including working capital to facilitate growth.
- Upon uncured default, lender may accelerate total amount plus interest at 24% APR and debit checking account.
- Follows a prior $515,000 loan from Cedar Advance on February 8, 2024 with similar terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/0001213900-24-023146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811109/000121390024023146/ea0201945-8k_applieduv.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023146

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