secwatch.observer — SEC 8-K summary
======================================

Issuer:     ReposiTrak, Inc. (TRAK)
CIK:        0000050471
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001437749-26-009263
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ReposiTrak unit lends $4M to SPAR Marketing Force; gets 1M shares from SPAR Group
--------------------------------------------------------------------------------

- PC Group (ReposiTrak subsidiary) provides $4M senior unsecured note to SPAR Marketing Force; initial $3M advance, 8% interest, interest-only, matures March 2029.
- SPAR Group issues 1M shares of common stock at $0.80 deemed value to PC Group within 30 days as additional consideration.
- Price protection adjusts shares if SPAR Group issues equity below $0.80; annual adjustment ensures minimum $800k trading value milestone.
- Second tranche of $1M available for drawing after July 17, 2026; SPAR Group provides unconditional guaranty of all obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50471/000143774926009263/0001437749-26-009263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50471/000143774926009263/trak20260320_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-009263

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