Bespoke Extracts, Inc. (BSPK): debt financing — Bespoke Extracts subsidiary converts $169K unpaid rent into promissory note, cuts lease rent to $4,000/month

Bespoke Extracts, Inc.

Converted $169K of unpaid rent into a promissory note due Dec 31, 2030 at 10% annual interest.
Extinguished promissory notes previously issued by landlord WL Holdings to the company.
Lease base rent reduced to $4,000/month effective Jan 1, 2025.
Note issued by wholly owned subsidiary Bespoke Extracts Colorado, LLC.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bespoke Extracts, Inc. incurred loan of $169,000 with WL Holdings, LTD at 10% per annum maturing December 31, 2030.

Instrument: loan
Principal: $169,000
Counterparty: WL Holdings, LTD
Rate: 10% per annum
Maturity: December 31, 2030
Event: incurrence

Exact text from the filing

pursuant to the Agreement described in Item 1.01 above, Bespoke Colorado issued a promissory note (the “Note”) to WL Holdings, LTD in the principal amount of $169,000

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Bespoke Extracts, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-015325

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