---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000136"
form_type: "8-K"
ticker: null
cik: "0001643301"
company_name: "Avenir Wellness Solutions, Inc."
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:55:35.450120+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avenir Wellness secures $250K loan from CEO Nancy Duitch; draws $39K initially

## Summary
- Loan facility up to $250,000 from CEO Nancy Duitch; initial draw of $39,000 on Jan 4, 2024.
- Interest at 12% per annum (18% on default); maturity on demand or by March 31, 2024.
- Company granted security interest in all present and future personal property.
- Loan may be prepaid without penalty; additional advances up to $211,000 available.

## SEC filing metadata
- accession: 0001477932-24-000136
- form_type: 8-K
- cik: 0001643301
- company_name: Avenir Wellness Solutions, Inc.
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/0001477932-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/avrw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000136
- JSON: https://secwatch.observer/filing/0001477932-24-000136.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000136.txt

## Key facts
- Debt Financings
  Avenir Wellness Solutions, Inc. incurred loan of $250,000 with Nancy Duitch at 12% per annum, or 18% in the event of default maturing March 31, 2024.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: Nancy Duitch
  - Rate: 12% per annum, or 18% in the event of default
  - Maturity: March 31, 2024
  - Event: incurrence
  source text: On January 4, 2024, Avenir Wellness Solutions, Inc. (the “Company”) and Nancy Duitch, the Chief Executive Officer of the Company (the “Executive”), entered into that certain Senior Secured Promissory Note and Security Agreement (the “Agreement”). The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/0001477932-24-000136-index.htm

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