---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-033299"
form_type: "8-K"
ticker: "BRQL"
cik: "0001854526"
company_name: "DYNAMIC AEROSPACE SYSTEMS Corp"
filed_at: "2026-10-22T21:43:46+00:00"
generated_at: "2026-10-23T10:05:52.234693+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dynamic Aerospace funds itself via CEO/COO loans at up to 29.99%; CFO Hoops' base pay raised to $200,000

## Summary
- Subordinated secured notes and revolvers with COO Jeffrey Hail and CEO Kent Wilson: Hail note $35,581.67 at 18%; Hail revolver up to $90,000 and Wilson revolver up to $40,000 at 29.99%.
- Revolver balances already exceed limits: Hail $105,452.71 (incl. $19,273.35 fee reimbursement), Wilson $49,977.58 (incl. $14,380.67); both due Dec 31, 2026 or uplisting.
- Hail's amended short-term loan (Oct 13, 2026) rolled $135,000 of advances carrying 5% OID and 15% flat interest ($163,421.06 total); $128,171.06 outstanding, unsecured.
- Both executives waived defaults from non-payment at original maturities; liens rank behind senior lender Platinum Point Capital LLC, and 15% of certain capital-raise proceeds must repay Hail.
- CFO Robin Hoops' annual base salary rose from $185,000 to $200,000, effective September 16, 2026, under her March 10, 2026 offer letter.

## SEC filing metadata
- accession: 0001437749-26-033299
- form_type: 8-K
- ticker: BRQL
- cik: 0001854526
- company_name: DYNAMIC AEROSPACE SYSTEMS Corp
- filed_at: 2026-10-22T21:43:46+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854526/000143774926033299/0001437749-26-033299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854526/000143774926033299/brql20261022_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-033299
- JSON: https://secwatch.observer/filing/0001437749-26-033299.json
- Plain text: https://secwatch.observer/filing/0001437749-26-033299.txt

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