secwatch.observer — SEC 8-K summary
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Issuer:     Global Asset Management Group, Inc. (GAMG)
CIK:        0000055234
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001477932-26-001558
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GAMG secures $10M senior secured convertible note facility with Leonite Fund I for real estate acquisitions
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- Facility: $10M purchase price, $10.81M principal with OID; senior secured, convertible at $0.95 fixed price.
- Proceeds for multifamily real estate equity and working capital; tranches at Leonite's discretion.
- Interest: Prime + 5.25% (floor 12%); maturity 12 months per tranche, max 24 months from issue.
- Prepayment at 102% of outstanding principal plus interest; Holder can convert, subject to 4.99% beneficial ownership cap.
- Part of GAMG's expansion of DC real estate portfolio and in-house asset management capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55234/000147793226001558/0001477932-26-001558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55234/000147793226001558/gamg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-001558

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