secwatch.observer — SEC 8-K summary
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Issuer:     REGO PAYMENT ARCHITECTURES, INC. (RPMT)
CIK:        0001437283
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0001214659-25-004396
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rego Payment extends $20M line of credit with James Davison to March 2026
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- Maturity of existing $20M unsecured line of credit extended one year to March 13, 2026.
- No outstanding balance on the line as of the amendment date.
- Draws bear 7% interest; repayment due upon change of control or within 60 days after one year.
- Lender James Davison is an existing shareholder of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437283/000121465925004396/0001214659-25-004396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437283/000121465925004396/i3112538k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-25-004396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer