secwatch.observer — SEC 8-K summary
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Issuer:     Adapti, Inc. (ADTI)
CIK:        0001420924
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001493152-25-014094
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adapti issues $181,818 convertible note to executive chairman for $150,000 cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225014094/0001493152-25-014094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225014094/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-014094

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