secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001493152-25-004034
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Giftify extends $1M note payment to Feb 19, 2025 after $1M principal payment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315225004034/0001493152-25-004034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315225004034/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-004034

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