{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-22-005230","form_type":"8-K","ticker":"KITL","cik":"0001608092","company_name":"Kisses From Italy Inc.","filed_at":"2022-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.347312+00:00","generated_at":"2026-06-24T06:29:50.856840+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Kisses from Italy issues $70K convertible note; conversion at 35% discount to market","bullets":["Principal $70,000 at 9% interest, due July 26, 2023; default rate rises to 22%.","Conversion price set at 65% of lowest closing bid price over prior 10 trading days (35% discount).","Prepayment penalties range from 20% to 29% of outstanding principal and interest depending on timing.","Company must reserve 25,846,153 shares for conversion; beneficial ownership capped at 4.99%.","Proceeds used for general working capital; note issued under Regulation D exemption."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-22-005230","json":"https://secwatch.observer/filing/0001683168-22-005230.json","markdown":"https://secwatch.observer/filing/0001683168-22-005230.md","text":"https://secwatch.observer/filing/0001683168-22-005230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1608092/000168316822005230/0001683168-22-005230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1608092/000168316822005230/kisses_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T06:29:50.856840+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}