Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KONA GOLD BEVERAGE, INC. incurred senior notes of $230,000 at 10% maturing 12 months from its issuance date.
- Instrument
- senior notes
- Principal
- $230,000
- Rate
- 10%
- Maturity
- 12 months from its issuance date
- Event
- incurrence
Exact text from the filing
Pursuant to a Securities Purchase Agreement dated as of April 25, 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 $230,000 and the grant of a common stock purchase Warrant (the “Warrant”) that is exercisable for the purchase of up to an aggregate of 43,600,000 shares (the “Warrant Shares”) of our Common Stock with a third-party investor (the “Investor”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
KONA GOLD BEVERAGE, INC. entered into Securities Purchase Agreement with a third-party investor valued at $230,000 (effective 2023-04-25).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a third-party investor
- Value
- $230,000
- Effective
- 2023-04-25
Exact text from the filing
Pursuant to a Securities Purchase Agreement dated as of April 25, 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 $230,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
KONA GOLD BEVERAGE, INC. entered into Security Agreement with the Investor (effective 2023-04-25).
- Action
- entry
- Counterparty
- the Investor
- Effective
- 2023-04-25
Exact text from the filing
In addition, to secure our obligations to the Investor under the Senior Note, we also entered into a Security Agreement (the “Security Agreement”) with and in favor of the Investor.
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