---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-005634"
form_type: "8-K"
ticker: "ASII"
cik: "0001464865"
company_name: "Accredited Solutions, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:56:57.852175+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Accredited Solutions issues $129K convertible note at 65% discount; issues 80M shares to Petro X shareholders

## Summary
- Issued 9% convertible promissory note for $129,250 (net $125K) to 1800 Diagonal Lending, convertible at 65% of market price after 180 days.
- Note matures July 27, 2023; prepayment premium of 115-125% allowed only before 180 days; no prepayment after.
- Issued 80,000,000 shares of common stock to former shareholders of Petro X Solutions as earnout consideration from May 2022 merger.
- Total outstanding shares after issuances: ~185M (assuming prior ~105M plus 80M, excluding conversion shares).
- Proceeds used for general working capital; legal/due diligence fees of $4,250 deducted.

## SEC filing metadata
- accession: 0001477932-22-005634
- form_type: 8-K
- ticker: ASII
- cik: 0001464865
- company_name: Accredited Solutions, Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464865/000147793222005634/0001477932-22-005634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464865/000147793222005634/ghmp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-005634
- JSON: https://secwatch.observer/filing/0001477932-22-005634.json
- Plain text: https://secwatch.observer/filing/0001477932-22-005634.txt

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