secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001437749-22-003974
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands issues $472,500 convertible promissory note to CEO Ross Sklar
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- Principal of $472,500 funded via $300,000 cash advance and $172,500 payment of company costs.
- 4% annual interest, compounded monthly; matures February 14, 2024.
- CEO may convert note into common stock at $0.29 per share based on 10-day VWAP prior to issuance.
- Company can prepay note in whole or in part without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922003974/0001437749-22-003974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922003974/stcb20220217_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-003974

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