secwatch.observer — SEC 8-K summary
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Issuer:     INVO Fertility, Inc. (IVF)
CIK:        0001417926
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001493152-23-031521
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INVO Bioscience sells $746.75K future receivables for $515K; nets $134K after prior advance repayment
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- Received net cash of $134,018 after using $390,892 to repay a previous Cedar Advance dated July 19, 2023.
- Must pay $16,594 per week via ACH debit until the $746,750 receivables purchased amount is collected.
- Early repayment within 30 days reduces amount to $643,750; within 31-60 days to $674,650.
- Granted Cedar Advance a security interest in accounts, deposit accounts, and accounts receivable.
- Proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223031521/0001493152-23-031521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223031521/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-031521

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