Adapti, Inc. (ADTI): debt financing — Adapti issues $181,818 convertible note to executive chairman for $150,000 cash

Adapti, Inc.

Note issued to executive chairman Jeff Campbell with 17.5% OID; principal $181,818 for $150,000 cash.
Maturity December 14, 2025; interest at 20% per 90 days if not paid or converted.
Conversion price lesser of $3.08 or 70% of closing price; beneficial ownership limit 4.99%.
Note is unregistered and sold under exemption; prepayable at any time.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Adapti, Inc. incurred convertible notes of $181,818 with Jeff Campbell at 20% for every 90 day period thereafter maturing December 14, 2025.

Instrument: convertible notes
Principal: $181,818
Counterparty: Jeff Campbell
Rate: 20% for every 90 day period thereafter
Maturity: December 14, 2025
Event: incurrence

Exact text from the filing

issued a 17.5% Original Issue Discount Senior Convertible Promissory Note (the “Note”) in the principal amount of $181,818 (“Principal Amount”) in exchange for $150,000 in cash.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Adapti, Inc. issued $181,818 principal amount of convertible note to Jeff Campbell for $150,000 in cash.

Security: convertible note
Shares: $181,818 principal amount
Purchaser: Jeff Campbell
Consideration: $150,000 in cash

Exact text from the filing

On September 15, 2025, Adapti, Inc. (“Company”) issued a 17.5% Original Issue Discount Senior Convertible Promissory Note (the “Note”) in the principal amount of $181,818 (“Principal Amount”) in exchange for $150,000 in cash. The Note was issued to Jeff Campbell, the Company’s executive chairman, and an accredited investor.

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7 debt financings filed in the last 30 days. Browse all debt financings →

Adapti, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-014094

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