secwatch.observer — SEC 8-K summary
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Issuer:     HALLMARK VENTURE GROUP, INC. (HLLK)
CIK:        0001331421
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001493152-24-043635
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallmark Venture Group authorizes up to $500K in 12%-monthly-interest notes; CEO gets $1M in stock
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- Authorized up to $500,000 in non-convertible notes at 12% interest per month, due 6 months from issuance; warrants at $2.00/share for 2 years.
- Issued $50,000 note and warrant for 1,250 shares on October 9, 2024.
- Nicholas Cardosi appointed Director; 12 years in digital advertising, principal of CVC.
- CVC Agreement: Creative Venture Capital receives 5% of revenue from client introductions.
- CEO Evan Bloomberg gets 24-month contract: $1M in shares, $340K annual salary, quarterly performance bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331421/000149315224043635/0001493152-24-043635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331421/000149315224043635/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-043635

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