Spirits Time International amends $300K promissory note with Auctus Fund; outstanding at $339,023 as of April 12, 2024

SPIRITS TIME INTERNATIONAL, INC.

Outstanding amount $339,023 ($290K principal + $49,023 interest) as of effective date April 12, 2024.
Monthly interest set at $5,800 starting April 12, 2024.
Auctus will exchange all outstanding into securities of next qualified offering raising at least $3M.
Exchange occurs on consummation of qualified offering; shares exempt under Section 3(a)(9).
Amendment executed April 16, 2024, effective retroactively to April 12.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SPIRITS TIME INTERNATIONAL, INC. amended Amendment to Promissory Note with Auctus Fund, LLC valued at $339,023.00 outstanding ($290,000 principal + $49,023 interest); monthly interest $5,800 (effective 2024-04-12).

Action: amendment
Counterparty: Auctus Fund, LLC
Value: $339,023.00 outstanding ($290,000 principal + $49,023 interest); monthly interest $5,800
Effective: 2024-04-12

Exact text from the filing

On April 16, 2024, the parties completed execution of an amendment to the Note (the “Amendment”) effective as of April 12, 2024 (the “Effective Date”).

View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001551163-24-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.