secwatch.observer — SEC 8-K summary
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Issuer:     REGO PAYMENT ARCHITECTURES, INC. (RPMT)
CIK:        0001437283
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001214659-24-004839
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rego Payment Architectures extends $20M credit line with shareholder to March 2025
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- Amendment extends maturity of existing $20M unsecured line of credit from March 13, 2024 to March 13, 2025.
- No outstanding balance; loans bear interest at 7% per annum.
- Repayment required upon change of control or within 60 days if no change of control within one year.
- Lender James Davison is an existing shareholder of the Company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437283/000121465924004839/0001214659-24-004839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437283/000121465924004839/o3182428k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-004839

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