{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-003865","form_type":"8-K","ticker":"RPMT","cik":"0001437283","company_name":"REGO PAYMENT ARCHITECTURES, INC.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.986880+00:00","generated_at":"2026-06-18T00:23:14.028401+00:00","sec_items":["2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Rego Payment secures $20M line of credit from major investor James Davison","bullets":["Existing shareholder James Davison provides $20M unsecured line of credit at 7% interest.","Funds repayable upon change of control or within one year if no change occurs.","Proceeds to support expansion of Banking-as-a-Platform services to financial institutions.","Company notes total capital raised of ~$100M for development and commercialization.","CEO states LOC positions REGO to execute 2023 strategic plan and achieve expansion goals."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-003865","json":"https://secwatch.observer/filing/0001214659-23-003865.json","markdown":"https://secwatch.observer/filing/0001214659-23-003865.md","text":"https://secwatch.observer/filing/0001214659-23-003865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437283/000121465923003865/0001214659-23-003865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437283/000121465923003865/o3152308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:23:14.028401+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8190935614d57d86e193a5e749f92cea7200b844","claim":"REGO PAYMENT ARCHITECTURES, INC. incurred credit facility of up to twenty million dollars ($20,000,000) with James Davison at 7% per annum maturing (i) upon the execution and completion of a sale, merger or other transaction of the Company whereby the Company transfers its ownership and/or its assets to a t.","evidence_excerpt":"is an existing shareholder of the Company. Pursuant to the LOC Agreement, the Lender may extend unsecured loans to the Company in the amount of up to twenty million dollars ($20,000,000) which may be drawn upon by the Company for a period of one year in order to provide additional capital to facilitate the Company’s operations. Drawings may be made by the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437283/000121465923003865/0001214659-23-003865-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to twenty million dollars ($20,000,000)"},{"label":"Counterparty","value":"James Davison"},{"label":"Rate","value":"7% per annum"},{"label":"Maturity","value":"(i) upon the execution and completion of a sale, merger or other transaction of the Company whereby the Company transfers its ownership and/or its assets to a t"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}