---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000376"
form_type: "8-K"
ticker: "SPFX"
cik: "0001807893"
company_name: "STANDARD PREMIUM FINANCE HOLDINGS, INC."
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:10:34.539596+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Standard Premium Finance raises $400K via preferred stock, exchanges $250K notes, amends bylaws on director nominations

## Summary
- Sold 40,000 shares of Series A Convertible Preferred Stock for $400,000 to accredited investors (Rule 506(b)).
- Exchanged $250,000 of promissory notes for 25,000 shares of Series A Preferred Stock under Section 3(a)(9).
- Board amended bylaws on May 2, 2022 to delete requirement that independent directors must select/recommend director nominees.
- Conversion price for Preferred Stock: 80% of 20-day average closing bid, minimum $5.00 per share, after a Public Equity Event.
- No underwriting discounts or commissions were paid in connection with the sales.

## SEC filing metadata
- accession: 0001553350-22-000376
- form_type: 8-K
- ticker: SPFX
- cik: 0001807893
- company_name: STANDARD PREMIUM FINANCE HOLDINGS, INC.
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000376/0001553350-22-000376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000376/spfh_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000376
- JSON: https://secwatch.observer/filing/0001553350-22-000376.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000376.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.