Yale Transaction Finders, Inc. (YTFD): debt financing — Yale Transaction Finders issues $15,000 in convertible notes to insiders and others

Yale Transaction Finders, Inc.

Issued convertible promissory notes totaling $15,000 principal on May 16, 2023.
Notes mature June 30, 2024, bear 5% interest payable at maturity.
Holders include Ironbound Partners (CEO affiliate), Moyo Partners (President affiliate), Dakota Group, and Rise Capital.
Principal and interest convertible into common stock upon Qualified Financing or Fundamental Transaction.
Proceeds used for working capital needs.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Yale Transaction Finders, Inc. incurred convertible notes of $15,000 with Ironbound Partners Fund, LLC, Moyo Partners, LLC, Dakota Group, LLC and Rise Capital Corp. at 5.0% per annum maturing June 30, 2024.

Instrument: convertible notes
Principal: $15,000
Counterparty: Ironbound Partners Fund, LLC, Moyo Partners, LLC, Dakota Group, LLC and Rise Capital Corp.
Rate: 5.0% per annum
Maturity: June 30, 2024
Event: incurrence

Exact text from the filing

On May 16, 2023, Yale Transaction Finders, Inc., a Delaware corporation (the “Company”), issued convertible promissory notes (the “May 2023 Notes”) in the principal amount of $15,000 to (i) Ironbound Partners Fund, LLC, an affiliate of the Company’s Chief Executive Officer, (ii) Moyo Partners, LLC, an affiliate of the Company’s President and Treasurer, (iii) Dakota Group, LLC and (iv) Rise Capital Corp.

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Yale Transaction Finders, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017964

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