Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Global Asset Management Group, Inc. incurred convertible notes of $3,500,000 at 6.00% simple interest maturing April 6, 2027.
- Instrument
- convertible notes
- Principal
- $3,500,000
- Rate
- 6.00% simple interest
- Maturity
- April 6, 2027
- Event
- incurrence
Exact text from the filing
On April 6, 2026, Global Asset Management Group, Inc. (the “Company”) completed the acquisition of 16.875% of RI Property Holding, Inc. in exchange for the Company’s issuance of a $3,500,000 convertible promissory note to the holder who is a shareholder of the Company and a related party. The note bears 6.00% simple interest and matures on April 6, 2027, with holder‐optional conversion beginning October 6, 2026 at 90% of the arithmetic average of the daily VWAP for the 30 trading days immediately preceding the conversion notice date; if not paid at maturity, a one‐time 5.0% post‐maturity penalty applies.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Global Asset Management Group, Inc. incurred convertible notes of $6,000,000 at 6.00% per annum (simple interest) maturing April 8, 2027.
- Instrument
- convertible notes
- Principal
- $6,000,000
- Rate
- 6.00% per annum (simple interest)
- Maturity
- April 8, 2027
- Event
- incurrence
Exact text from the filing
on May 8, 2026 the Company issued the Convertible Note in the principal amount of $6,000,000. The Convertible Note bears interest at 6.00% per annum (simple interest) and matures on April 8, 2027, unless earlier converted at the holder’s option.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Global Asset Management Group, Inc. completed an acquisition involving FVP Investments, LLC and FVP Opportunity Fund III, LP (through their designee FVP Servicing, LLC, collectively, the 'Seller') for $6,455,000 (closed 2026-05-06).
- Action
- acquisition
- Counterparty
- FVP Investments, LLC and FVP Opportunity Fund III, LP (through their designee FVP Servicing, LLC, collectively, the 'Seller')
- Consideration
- $6,455,000
- Closing
- 2026-05-06
Exact text from the filing
and that FVP Servicing, LLC resigns as Administrative Agent under the loan agreement. The total consideration payable to the Seller in connection with the transaction was $6,455,000, consisting of (i) a $6,000,000 principal amount one-year convertible promissory note issued by the Company (the “Convertible Note”) and (ii) a $455,000 cash down payment paid at
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