secwatch.observer — SEC 8-K summary
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Issuer:     HALLMARK VENTURE GROUP, INC. (HLLK)
CIK:        0001331421
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001493152-23-044571
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallmark Venture Group issues $7,119 convertible note to director Paul Strickland
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- 0% convertible exchange note of $7,119, matures December 11, 2024.
- Conversion price set at 50% of average closing price over 25 prior trading days.
- Note issued to Secretary/Director Paul Strickland in exchange for direct payment of company expenses.
- Default triggers 125% mandatory default amount and additional interest at 12% per annum.
- Company cannot enter other convertible debt for 20 trading days; piggyback registration rights granted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331421/000149315223044571/0001493152-23-044571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331421/000149315223044571/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044571

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer