---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-21-005849"
form_type: "8-K"
ticker: "SFCX"
cik: "0001624985"
company_name: "SUPA Consolidated Inc."
filed_at: "2021-11-19T23:59:59+00:00"
generated_at: "2026-06-28T06:34:55.417198+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tribal Rides issues $290K convertible note to AJB Capital with commitment shares and warrants

## Summary
- Principal $290,000, 10% annual interest (12% if extended, 20% on default); maturity May 10, 2021 with 6-month extension option.
- $29,000 original issue discount; note is convertible only upon Event of Default at 90% of lowest 20-day VWAP.
- Issued 1,320,000 commitment shares valued at $0.25 each ($330K) and warrants for 750,000 shares at $1.00, 3-year term.
- Company must maintain 5x the shares issuable upon conversion; failure increases principal by $5,000 per occurrence.
- Lender subject to 1-year leak-out restriction (max 20,000 shares or 20% of 5-day avg volume).

## SEC filing metadata
- accession: 0001683168-21-005849
- form_type: 8-K
- ticker: SFCX
- cik: 0001624985
- company_name: SUPA Consolidated Inc.
- filed_at: 2021-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624985/000168316821005849/0001683168-21-005849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624985/000168316821005849/tribal_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-21-005849
- JSON: https://secwatch.observer/filing/0001683168-21-005849.json
- Plain text: https://secwatch.observer/filing/0001683168-21-005849.txt

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