---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-034481"
form_type: "8-K"
ticker: "NBND"
cik: "0001725911"
company_name: "NetBrands Corp."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:49:09.125220+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CEO Paul Adler converts $178,729 loan into 2.48M shares at $0.072/share

## Summary
- Chairman/CEO Paul Adler converted $178,729 in loans and accrued interest to common stock.
- Conversion price of $0.072 per share, matching the August 29, 2024 closing price.
- 2,482,347 shares issued to InPlay Capital Inc., an entity controlled by Mr. Adler.
- Debt-to-equity swap reduces insider liabilities and increases outstanding shares.

## SEC filing metadata
- accession: 0001493152-24-034481
- form_type: 8-K
- ticker: NBND
- cik: 0001725911
- company_name: NetBrands Corp.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725911/000149315224034481/0001493152-24-034481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725911/000149315224034481/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-034481
- JSON: https://secwatch.observer/filing/0001493152-24-034481.json
- Plain text: https://secwatch.observer/filing/0001493152-24-034481.txt

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