---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039899"
form_type: "8-K"
ticker: "MVCO"
cik: "0000924095"
company_name: "Metavesco, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T12:42:56.093440+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Metavesco enters $650K secured note with related party; issues 1M shares for $1K

## Summary
- Issued $650K secured promissory note to Meliori Inc. at $597K purchase price (13% OID), 12.5% interest, due Nov 2, 2028.
- Sold 1,000,000 common shares to Meliori for $1,000 ($0.0001 per share) as part of the same transaction.
- Meliori is owned by CEO Ryan Schadel's adult daughter; Schadel is CEO, CFO, sole director and majority owner of Metavesco.
- The note is secured by substantially all assets of the company under a Security Agreement filed as exhibit.
- Repaid and terminated a $25,000 unsecured promissory note to Tom Zarro with a payment of $26,934 (principal + interest).

## SEC filing metadata
- accession: 0001493152-23-039899
- form_type: 8-K
- ticker: MVCO
- cik: 0000924095
- company_name: Metavesco, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/0001493152-23-039899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039899
- JSON: https://secwatch.observer/filing/0001493152-23-039899.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039899.txt

## Key facts
- Debt Financings
  Metavesco, Inc. incurred loan of $650,000 with Meliori Incorporated at 12.5% per annum maturing December 2, 2028.
  - Instrument: loan
  - Principal: $650,000
  - Counterparty: Meliori Incorporated
  - Rate: 12.5% per annum
  - Maturity: December 2, 2028
  - Event: incurrence
  source text: Treasurer and sole director. Pursuant to the terms of the Meliori SPA, the Company issued and sold to Meliori (i) a secured promissory note, in the principal amount of $650,000, for a purchase price of $597,000, reflecting a $53,000 original issue discount (the “Meliori Note”), and (ii) 1,000,000 shares of the Company’s common stock, for a purchase price
  evidence_url: https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/0001493152-23-039899-index.htm
- Material Agreements
  Metavesco, Inc. entered into Security Agreement with Meliori Incorporated (effective 2023-11-02).
  - Action: entry
  - Counterparty: Meliori Incorporated
  - Effective: 2023-11-02
  source text: In connection with entry into the Meliori SPA, on November 2, 2023, the Company and Meliori entered into a Security Agreement (the "Meliori Security Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/0001493152-23-039899-index.htm
- Material Agreements
  Metavesco, Inc. entered into Securities Purchase Agreement with Meliori Incorporated valued at principal amount of $650,000, for a purchase price of $597,000 (effective 2023-11-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Meliori Incorporated
  - Value: principal amount of $650,000, for a purchase price of $597,000
  - Effective: 2023-11-02
  source text: On November 2, 2023, Metavesco, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Meliori SPA") by and between the Company and Meliori Incorporated ("Meliori").
  evidence_url: https://www.sec.gov/Archives/edgar/data/924095/000149315223039899/0001493152-23-039899-index.htm

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