---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044098"
form_type: "8-K"
ticker: "HLLK"
cik: "0001331421"
company_name: "HALLMARK VENTURE GROUP, INC."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:28:36.070159+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hallmark Venture issues $144,501 zero-coupon convertible note to CEO with 50% discount conversion

## Summary
- Company issued $144,501 0% convertible exchange note to CEO John D. Murphy Jr. for payment of Company expenses.
- Note matures Dec 4, 2024; convertible at 50% discount to 25-day avg closing price; additional discounts possible.
- Note to insider CEO; could cause significant dilution; default accelerates at 125% of principal.
- CEO is also sole director and President; note includes 9.99% ownership conversion cap.

## SEC filing metadata
- accession: 0001493152-23-044098
- form_type: 8-K
- ticker: HLLK
- cik: 0001331421
- company_name: HALLMARK VENTURE GROUP, INC.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1331421/000149315223044098/0001493152-23-044098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1331421/000149315223044098/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044098
- JSON: https://secwatch.observer/filing/0001493152-23-044098.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044098.txt

## Key facts
- Debt Financings
  HALLMARK VENTURE GROUP, INC. incurred debt of $144,501.00 with John D. Murphy, Jr. at 0% maturing December 4, 2024.
  - Principal: $144,501.00
  - Counterparty: John D. Murphy, Jr.
  - Rate: 0%
  - Maturity: December 4, 2024
  - Event: incurrence
  source text: On December 5, 2023, Hallmark Venture Group, Inc (the "Company") issued a $144,501.00, 0% convertible exchange note to John D. Murphy, Jr. ("Holder"), CEO and Director of the Company (the "Note").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1331421/000149315223044098/0001493152-23-044098-index.htm

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