secwatch.observer — SEC 8-K summary
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Issuer:     Adapti, Inc. (ADTI)
CIK:        0001420924
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001493152-25-022331
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adapti subsidiary Ballengee Group enters $3M revolving loan with Texas Security Bank
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- Ballengee Group LLC (wholly-owned Adapti subsidiary) can borrow up to $3M revolving loan from Texas Security Bank.
- Loan matures Feb 28, 2027; interest at Prime Rate plus 0.50% (max allowed by Texas law).
- Loan secured by substantially all assets of Ballengee Group, including accounts, inventory, and intellectual property.
- Cross-default cross-collateralization with separate $2M Monitor loan secured by real property at 2278 Monitor St.
- Adapti Inc. is not a party to or guarantor of the loan documents or the Monitor loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225022331/0001493152-25-022331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225022331/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-022331

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