secwatch.observer — SEC 8-K summary
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Issuer:     MANGOCEUTICALS, INC. (MGRX)
CIK:        0001938046
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001493152-24-049133
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mangoceuticals enters service agreement with Greentree, issues 40k shares and draws $159,950 from ELOC
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- Service agreement with Greentree Financial Group for compliance filings, accounting advice, and tax return preparation; fee of $40,000 cash plus 40,000 restricted common shares.
- CFO Eugene M. Johnston serves as Audit Manager for Greentree, creating a related-party transaction.
- Term through October 15, 2025; early termination by Company triggers immediate payment of full cash fee.
- Separate ELOC draw: 75,000 shares sold to Platinum Point Capital on December 4, 2024, netting $159,950.
- All shares issued are unregistered, exempt under Section 4(a)(2) and Rule 506 of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224049133/0001493152-24-049133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224049133/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049133

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