debt
confidence high
sentiment neutral
materiality 0.60
Giftify extends $1M note payment to Feb 19, 2025 after $1M principal payment
GIFTIFY, INC.
- Paid $1,000,000 principal and $77,506.85 interest on $2M note due Jan 20, 2025.
- Remaining $1,000,000 principal plus $9,583.33 interest extended to February 19, 2025.
- Note bears 11.5% annual interest, secured by blanket lien subordinated to Pathward line of credit ($6.459M).
- Also paid $1,000 in attorneys' fees per Allonge terms; CEO Ketan Thakker signed.