---
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"
generated_at: "2026-06-18T00:23:14.028401+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rego Payment secures $20M line of credit from major investor James Davison

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-003865
- JSON: https://secwatch.observer/filing/0001214659-23-003865.json
- Plain text: https://secwatch.observer/filing/0001214659-23-003865.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: up to twenty million dollars ($20,000,000)
  - Counterparty: James Davison
  - Rate: 7% per annum
  - Maturity: (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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1437283/000121465923003865/0001214659-23-003865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.