---
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"
generated_at: "2026-06-24T06:29:50.856840+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Kisses from Italy issues $70K convertible note; conversion at 35% discount to market

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-005230
- JSON: https://secwatch.observer/filing/0001683168-22-005230.json
- Plain text: https://secwatch.observer/filing/0001683168-22-005230.txt

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