secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2021-08-26T23:59:59+00:00
Accession:  0001477932-21-005981
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Good Hemp enters $250K note with Geneva Roth; receives $225K net after OID and fees
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- Promissory note principal $250,375; 10% interest; matures Aug 13, 2022; 10 monthly payments of $27,541.
- Warrants issued to purchase 52,265 shares at $1.20 per share, cashless exercise, three-year term.
- Net proceeds to company $225,000 after $22,875 OID and $2,500 expense reimbursement.
- Note not convertible unless default; then conversion price at 75% of bid, capped at 4.99% ownership.
- Proceeds used for working capital; company maintains reporting and corporate existence covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793221005981/0001477932-21-005981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793221005981/ghmp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-005981

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