secwatch.observer — SEC 8-K summary
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Issuer:     NetBrands Corp. (NBND)
CIK:        0001725911
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001641172-25-021374
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetBrands issues $110K convertible note and warrant to Trillium Partners at $0.0005/share
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- Issued $110K face note with $10K OID for $100K cash; due June 20, 2026, 12% interest, convertible at $0.0005/share.
- Issued warrant for 55 million shares at $0.0005 exercise price, seven-year term.
- Note requires initial reservation of 125 million shares for conversion; prepayable with 40% penalty.
- Trillium Partners LP is controlled by Steve Hicks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725911/000164117225021374/0001641172-25-021374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725911/000164117225021374/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer