---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008306"
form_type: "8-K"
ticker: null
cik: "0001802546"
company_name: "KONA GOLD BEVERAGE, INC."
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:24:27.489089+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kona Gold Beverage issues $475K secured convertible note and 80M-share warrant to Mast Hill Fund

## Summary
- Issued $475,000 senior secured convertible note to Mast Hill Fund, L.P.; net proceeds of $437,000 after fees.
- Note bears 10% annual interest, matures in 12 months, convertible at $0.0045 per share.
- Granted warrant to purchase up to 80,000,000 common shares at $0.0045 per share, exercisable for 5 years.
- Monthly mandatory redemption based on case sales: $2 per 12-count case sold, starting May 10, 2023.
- Note secured by all company assets, subordinate to prior debenture; conversion blocker at 4.99%.

## SEC filing metadata
- accession: 0001493152-23-008306
- form_type: 8-K
- cik: 0001802546
- company_name: KONA GOLD BEVERAGE, INC.
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802546/000149315223008306/0001493152-23-008306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802546/000149315223008306/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008306
- JSON: https://secwatch.observer/filing/0001493152-23-008306.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008306.txt

## Key facts
- Debt Financings
  KONA GOLD BEVERAGE, INC. incurred convertible notes of $475,000 at 10% maturing 12 months from its issuance date.
  - Instrument: convertible notes
  - Principal: $475,000
  - Rate: 10%
  - Maturity: 12 months from its issuance date
  - Event: incurrence
  source text: Pursuant to a Securities Purchase Agreement dated as of March 13, 2023 (the “SPA”), Kona Gold Beverage, Inc. (“our” or “we”), completed a private placement of a Senior Secured Promissory Note (the “Senior Note”) with an initial principal amount of $475,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802546/000149315223008306/0001493152-23-008306-index.htm
- Material Agreements
  KONA GOLD BEVERAGE, INC. entered into Securities Purchase Agreement valued at $475,000 (effective 2023-03-13).
  - Action: entry
  - Agreement: equity purchase
  - Value: $475,000
  - Effective: 2023-03-13
  source text: Pursuant to a Securities Purchase Agreement dated as of March 13, 2023 (the “SPA”), Kona Gold Beverage, Inc. (“our” or “we”), completed a private placement of a Senior Secured Promissory Note (the “Senior Note”) with an initial principal amount of $475,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802546/000149315223008306/0001493152-23-008306-index.htm
- Material Agreements
  KONA GOLD BEVERAGE, INC. entered into Security Agreement.
  - Action: entry
  source text: greement (the “Security Agreement”) with and in favor of the Investor. Our subsidiaries are also parties to the Security
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802546/000149315223008306/0001493152-23-008306-index.htm

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