TPT GLOBAL TECH, INC.: debt financing — TPT Global Tech issues $92K convertible note at 12% interest, 35% discount; partnerships with Boss Productions

TPT GLOBAL TECH, INC.

Convertible Promissory Note of $92,000 with 12% interest (22% default): net proceeds $75,000; conversion at 35% discount to market price.
700M+ shares reserved for conversion (750M for this note + 750M for prior notes as inducement).
Strategic partnership with Boss Productions to integrate live event content (yacht racing, golf, boxing, film festivals) into VuMe Super App.
Partnership aims to stream events globally via app's live broadcasting, on-demand, and social media features; quotes from both CEOs.

item 1.01 item 2.03 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TPT GLOBAL TECH, INC. incurred convertible notes of $92,000 with 1800 Diagonal Lending LLC at 12%, 22% upon default.

Instrument: convertible notes
Principal: $92,000
Counterparty: 1800 Diagonal Lending LLC
Rate: 12%, 22% upon default
Event: incurrence

Exact text from the filing

TPT Global Tech, Inc. and 1800 Diagonal Lending LLC (“Holder”) entered into a Convertible Promissory Note (“1800 Diagonal Feb 7 Note”, Exhibit 10.1) totaling $92,000

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

TPT GLOBAL TECH, INC. entered into 1800 Diagonal Feb 7 Note with 1800 Diagonal Lending LLC valued at $92,000 (effective 2024-02-07).

Action: entry
Agreement: equity purchase
Counterparty: 1800 Diagonal Lending LLC
Value: $92,000
Effective: 2024-02-07

Exact text from the filing

1800 Diagonal Lending, LLC Convertible Promissory Note and Securities Purchase Agreement Dated February 7, 2024, but consummated on February 12, 2024, TPT Global Tech, Inc. and 1800 Diagonal Lending LLC (“Holder”) entered into a Convertible Promissory Note (“1800 Diagonal Feb 7 Note”, Exhibit 10.1) totaling $92,000

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Source: SEC EDGAR

accession 0001654954-24-001666

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