secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001493152-24-037967
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RDE enters $2M secured note with Spars Capital, 11.5% interest, related party
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- Principal $2,000,000, interest 11.5%, maturity January 20, 2025; origination fee $20,000.
- Note collateralized by blanket lien on all assets, subordinated to $6.459M Pathward line of credit.
- Spars Capital owned by trust affiliated with director Elliot Bohm, making this a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224037967/0001493152-24-037967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224037967/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037967

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