---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003746"
form_type: "8-K"
ticker: "SFCX"
cik: "0001624985"
company_name: "SUPA Consolidated Inc."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:43:50.383718+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tribal Rides receives $25K, issues 1.6M shares and warrants in note modification

## Summary
- Company received $25,000 from AJB Capital; note principal increased by $30,000.
- Modification fee of $176,000 paid by issuing 1,600,000 shares at $0.11/share.
- Issued warrants to purchase 750,000 shares at $0.25, exercisable for 5 years.
- Make-whole provision: if fee share sale nets less than $176K, additional shares or cash required.

## SEC filing metadata
- accession: 0001683168-23-003746
- form_type: 8-K
- ticker: SFCX
- cik: 0001624985
- company_name: SUPA Consolidated Inc.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624985/000168316823003746/0001683168-23-003746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624985/000168316823003746/tribal_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003746
- JSON: https://secwatch.observer/filing/0001683168-23-003746.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003746.txt

## Key facts
- Material Agreements
  SUPA Consolidated Inc. entered into Side Letter to Securities Purchase Agreement with AJB Capital Investments, LLC valued at Convertible Promissory Note principal increased by $30,000, modification fee of $176,000 in shares, (effective 2023-05-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: AJB Capital Investments, LLC
  - Value: Convertible Promissory Note principal increased by $30,000, modification fee of $176,000 in shares,
  - Effective: 2023-05-23
  source text: On May 23, 2023, the Company received an additional $25,000 from the Lender and, in consideration of receipt of the additional funds from the Lender, the Company entered into the Side Letter (the “ Side Letter ”) with the Lender pursuant to which the principal of the Note increased by $30,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624985/000168316823003746/0001683168-23-003746-index.htm

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