secwatch.observer — SEC 8-K summary
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Issuer:     Smart Powerr Corp. (CREG)
CIK:        0000721693
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001213900-26-044619
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721693/000121390026044619/0001213900-26-044619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721693/000121390026044619/ea0286627-8k_smart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-044619

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