Hallmark Venture sells impaired $100K note to related party SB Tech for $1,000

HALLMARK VENTURE GROUP, INC.

Assigned Traderverse promissory note (original $100K, 8% interest, matured Oct 29, 2024) to SB Technology Holdings for $1,000 cash.
Outstanding balance ~$113,752 ($100K principal + $13,752 accrued interest); note impaired and written down on books.
Transaction is a related party due to common officer/director Paul Strickland; board approved under Fla. law.
Assignment is non-recourse, 'as is, where is'; SB Tech assumes all risk of non-collection.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HALLMARK VENTURE GROUP, INC. entered into Assignment of Debt Agreement with SB Technology Holdings, Inc. valued at $1,000 in cash (effective 2026-05-28).

Action: entry
Agreement: asset purchase
Counterparty: SB Technology Holdings, Inc.
Value: $1,000 in cash
Effective: 2026-05-28

Exact text from the filing

On May 28, 2026, Hallmark Venture Group, Inc. (the “Company” or “HLLK”) entered into an Assignment of Debt Agreement (the “Assignment Agreement”) with SB Technology Holdings, Inc., a Florida corporation whose common stock is quoted on the OTC Markets under the symbol “VGLS” (“SB Tech”).

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HALLMARK VENTURE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-026929

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