secwatch.observer — SEC 8-K summary
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Issuer:     HALLMARK VENTURE GROUP, INC. (HLLK)
CIK:        0001331421
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001493152-24-047087
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallmark Venture authorizes up to $500K in 12%-per-month notes, issues $88K to date
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- Notes bear interest at 12% per month (144% annual) and mature in 6 months.
- Each $40 invested also receives a warrant to buy one share at $2.00, exercisable for 2 years.
- Three notes issued: $33K (Oct 28), $30K (Nov 4), $25K (Nov 15) for total $88K.
- Warrants cover 825, 750, and 625 shares respectively; total 2,200 shares.
- The notes are non-convertible; payment due in cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1331421/000149315224047087/0001493152-24-047087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1331421/000149315224047087/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047087

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