{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-018292","form_type":"8-K","ticker":"HLLK","cik":"0001331421","company_name":"HALLMARK VENTURE GROUP, INC.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.944007+00:00","generated_at":"2026-06-02T05:07:46.307384+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hallmark Venture issues $100K 8% convertible note with 75% discount conversion and $100K on-demand note","bullets":["Issued $100,000 8% Convertible Promissory Note to Nicosel, LLC, maturing April 30, 2025.","Conversion price is 25% of average closing price over 10 days (75% discount), adjustable for DTC chill or default.","Also issued 100,000 warrants exercisable within one year to the same investor.","Separate $100,000 8% On Demand Promissory Note with unaffiliated third party, 180-day term.","Proceeds from convertible note subject to use-of-proceeds schedule, funds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-018292","json":"https://secwatch.observer/filing/0001493152-24-018292.json","markdown":"https://secwatch.observer/filing/0001493152-24-018292.md","text":"https://secwatch.observer/filing/0001493152-24-018292.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:07:46.307384+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"52e90cf44dcf6abc0ed84eaeca3611aa3dba7a24","claim":"HALLMARK VENTURE GROUP, INC. incurred convertible notes of $100,000 with Nicosel, LLC at 8% maturing April 30, 2025.","evidence_excerpt":"On May 1, 2024, Hallmark Venture Group, Inc (the \"Company\") issued a $100,000, 8% Convertible Promissory Note (the \"Note\") and entered into a Warrant Subscription Agreement with Nicosel, LLC","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$100,000"},{"label":"Counterparty","value":"Nicosel, LLC"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"April 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6d5ad244af989b5118a3e7ab04254ef8f8f2da85","claim":"HALLMARK VENTURE GROUP, INC. incurred loan with an independent privately-held non-affiliated third party at 8% maturing 180 day.","evidence_excerpt":"On May 2, 2024, the Company subsequently made a strategic loan with an independent privately-held non-affiliated third party by entering into a 180 day 8% On Demand Promissory Note Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"an independent privately-held non-affiliated third party"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"180 day"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bef3014ed8746b65ca833b3b767a5c59172a1be0","claim":"HALLMARK VENTURE GROUP, INC. entered into Warrant Subscription Agreement with Nicosel, LLC valued at 100,000 warrants (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Hallmark Venture Group, Inc (the “Company”) issued a $100,000, 8% Convertible Promissory Note (the “Note”) and entered into a Warrant Subscription Agreement with Nicosel, LLC , a non-affiliate of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Nicosel, LLC"},{"label":"Value","value":"100,000 warrants"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"},{"claim_id":"cfb7156efa4cf9d4887f651ffcd94a998a78bb7a","claim":"HALLMARK VENTURE GROUP, INC. entered into On Demand Promissory Note Agreement with independent privately-held non-affiliated third party valued at $100,000 (implied 8% interest) (effective 2024-05-02).","evidence_excerpt":"On May 2, 2024, the Company subsequently made a strategic loan with an independent privately-held non-affiliated third party by entering into a 180 day 8% On Demand Promissory Note Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"independent privately-held non-affiliated third party"},{"label":"Value","value":"$100,000 (implied 8% interest)"},{"label":"Effective","value":"2024-05-02"}],"fact_type":"material_agreement"},{"claim_id":"cfeb212fedb5185f7dae33a582a4b7b415bf614a","claim":"HALLMARK VENTURE GROUP, INC. entered into Convertible Promissory Note with Nicosel, LLC valued at $100,000 (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Hallmark Venture Group, Inc (the “Company”) issued a $100,000, 8% Convertible Promissory Note (the “Note”) and entered into a Warrant Subscription Agreement with Nicosel, LLC , a non-affiliate of the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224018292/0001493152-24-018292-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Nicosel, LLC"},{"label":"Value","value":"$100,000"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}