Smart Powerr Corp. issues $1.05M A-1 secured note, potential additional $9.05M in debt financing

Smart Powerr Corp.

A-1 note principal $1,050,000; net proceeds $1,000,000 after $50,000 OID; $15,000 expenses added to principal.
Interest 8% per annum; maturity 24 months; prepayment penalty at 115% of outstanding balance.
Second closing may include A-2 note ($1.05M) and B note ($8M) secured by cash at Lakeside Bank, guaranteed by CREG Holdings.
Lender can redeem up to $200,000/month after six months; trigger events may increase balance by up to 25%.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Smart Powerr Corp. entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,050,000 (effective 2026-04-10).

Action: entry
Agreement: notes offering
Counterparty: Streeterville Capital, LLC
Value: $1,050,000
Effective: 2026-04-10

Exact text from the filing

On April 10, 2026, Smart Powerr Corp., a Nevada corporation (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC, a Utah limited liability company (“Lender”) pursuant to which the Company issued and sold to the Lender a secured promissory note in the original principal amount of $1,050,000 (the “A-1 Note”).

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Smart Powerr Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-044619

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