8-K/A
filed February 9, 2024, 6:59 PM ET
ticker AIFC
CIK 0000862861
debt
confidence high
sentiment neutral
materiality 0.55
JanOne corrects conversion price to $0.61 on amended notes and new $300k notes
AI Financial Corp
- Fourth Amendment to ICG secured revolving line adds convertibility at $0.61/share, extends maturity to Aug 2028.
- First Amendment to Live Ventures promissory note also sets conversion price at $0.61/share.
- New promissory notes of $300k each with ICG and Live Ventures, 10% interest, convertible after 6 months at $0.61.
- Prior 8-K filed Feb 8 reported $0.58 conversion price; this 8-K/A corrects to $0.61.
- $100k principal plus interest on each new note due March 7, 2024; balance due Dec 31, 2024.
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
AI Financial Corp entered into Promissory Note with Live Ventures Incorporated valued at $300,000 (effective 2024-02-07).
- Action
- entry
- Counterparty
- Live Ventures Incorporated
- Value
- $300,000
- Effective
- 2024-02-07
Exact text from the filing
On February 7, 2024, the Company entered into a promissory note with each of the holders of the amended promissory notes. The initial principal amount of each note is $300,000
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AI Financial Corp amended First Amendment to Promissory Note with Live Ventures Incorporated (effective 2024-02-07).
- Action
- amendment
- Counterparty
- Live Ventures Incorporated
- Effective
- 2024-02-07
Exact text from the filing
On February 7, 2024, JanOne Inc. (the “Company”) amended two of its outstanding promissory obligations to add convertibility provisions to each.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AI Financial Corp entered into Promissory Note with Isaac Capital Group LLC valued at $300,000 (effective 2024-02-07).
- Action
- entry
- Counterparty
- Isaac Capital Group LLC
- Value
- $300,000
- Effective
- 2024-02-07
Exact text from the filing
On February 7, 2024, the Company entered into a promissory note with each of the holders of the amended promissory notes. The initial principal amount of each note is $300,000
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AI Financial Corp amended Fourth Amendment to Secured Revolving Line of Credit with Isaac Capital Group LLC (effective 2024-02-07).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Isaac Capital Group LLC
- Effective
- 2024-02-07
Exact text from the filing
On February 7, 2024, JanOne Inc. (the “Company”) amended two of its outstanding promissory obligations to add convertibility provisions to each.
View on SEC.gov
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