secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001477932-24-004649
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 5.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accredited Solutions reports change in control, debt exchanges, and new preferred stock series
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- Alexander Haase acquired all Series A Preferred shares from William Alessi, gaining 66.67% voting control of the company.
- Issued $10,000 promissory note to Jefferson Street Capital and $25,000 note to Leonite Capital, both maturing April 19, 2024.
- Exchanged approximately $1.1 million of debt for Series B Preferred Stock with six creditors, including Jefferson Street, Leonite, MetroSpaces, and others.
- Filed Certificate of Designation establishing 5,000 shares of Series B Convertible Preferred Stock with 10% cumulative dividend and mandatory redemption at 120% of stated value.
- Entered sales agreement with Apokar Investment Group for Diamond Creek water; Apokar receives 10% DCW equity and up to 40% additional equity based on sales goals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224004649/0001477932-24-004649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224004649/asii_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-004649

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