secwatch.observer — SEC 8-K summary
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Issuer:     Madison Technologies Inc. (MDEX)
CIK:        0001318268
Form:       8-K
Filed at:   2021-09-15T23:59:59+00:00
Accession:  0001493152-21-022800
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Madison Technologies enters $2M secured loan agreement with Top Dog Productions; supports planned acquisition
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- Loan commitment up to $2,000,000 at 5% interest; matures September 9, 2022.
- Loan secured by all assets of borrower; owners provide non-recourse carve-out guaranty.
- Proceeds to support Top Dog's sale to Madison under Stock Acquisition Agreement dated same day.
- Default interest rate increases to 24% per annum upon event of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318268/000149315221022800/0001493152-21-022800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318268/000149315221022800/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-022800

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