secwatch.observer — SEC 8-K summary
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Issuer:     Avenir Wellness Solutions, Inc. (—)
CIK:        0001643301
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001477932-24-000136
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/0001477932-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/avrw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000136

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