secwatch.observer — SEC 8-K summary
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Issuer:     ALTITUDE INTERNATIONAL HOLDINGS, INC. (—)
CIK:        0001664127
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001493152-23-007293
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altitude assigns Altitude Hospitality to settle $18.3M debt; enters $750K loan at 12%
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- Assigned 100% of Altitude Hospitality, LLC membership interests to FVP's designee to satisfy $18,255,476 of debt.
- Entered new $750,000 loan agreement at 12% interest, maturing June 30, 2025; interest-only through Sep 2024.
- CEO Gregory Breunich remains; manager of Altitude Hospitality resigned as part of settlement.
- New loan proceeds used to fully pay and terminate September 2022 loan agreement and related documents.
- Exclusivity agreement with Feenix Payment Systems amended and restated as part of transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/0001493152-23-007293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1664127/000149315223007293/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007293

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