---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034887"
form_type: "8-K"
ticker: "APYP"
cik: "0001568969"
company_name: "APPYEA, INC"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:30:29.812884+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AppYea issues $68K convertible note at 65% discount to lowest trading price; heavy prepayment penalties

## Summary
- Sold $68,000 convertible promissory note to 1800 Diagonal Lending LLC at 8% interest (22% default rate), maturing Nov 23, 2023.
- Conversion price equals 65% of lowest trading price for 10 prior days; conversion allowed after 180 days.
- Prepayment allowed before 180 days with penalties of 115%-125% of principal depending on timing.
- Default penalties up to 300% of note value; liquidation preference over assets if not repaid.

## SEC filing metadata
- accession: 0001493152-22-034887
- form_type: 8-K
- ticker: APYP
- cik: 0001568969
- company_name: APPYEA, INC
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568969/000149315222034887/0001493152-22-034887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568969/000149315222034887/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034887
- JSON: https://secwatch.observer/filing/0001493152-22-034887.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034887.txt

## Key facts
- Debt Financings
  APPYEA, INC incurred convertible notes of $68,000 with 1800 Diagonal Lending LLC at 8% per annum (22% upon default) maturing November 23, 2023.
  - Instrument: convertible notes
  - Principal: $68,000
  - Counterparty: 1800 Diagonal Lending LLC
  - Rate: 8% per annum (22% upon default)
  - Maturity: November 23, 2023
  - Event: incurrence
  source text: On November 25, 2022, AppYea, Inc. (the “Company”) entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC, an accredited investor (“ 1800 Diagonal ”), pursuant to which the Company sold 1800 Diagonal a convertible promissory note in the principal amount of $68,000 (the “ 1800 Diagonal Note ”). The 1800 Diagonal Note accrues interest at a rate of 8% per annum (22% upon the occurrence of an event of default) and has a maturity date of November 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568969/000149315222034887/0001493152-22-034887-index.htm
- Material Agreements
  APPYEA, INC entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $68,000 (effective 2022-11-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 1800 Diagonal Lending LLC
  - Value: $68,000
  - Effective: 2022-11-25
  source text: On November 25, 2022, AppYea, Inc. (the “Company”) entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC, an accredited investor (“ 1800 Diagonal ”), pursuant to which the Company sold 1800 Diagonal a convertible promissory note in the principal amount of $68,000 (the “ 1800 Diagonal Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568969/000149315222034887/0001493152-22-034887-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.