secwatch.observer — SEC 8-K summary
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Issuer:     SUPA Consolidated Inc. (SFCX)
CIK:        0001624985
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001683168-23-003746
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624985/000168316823003746/0001683168-23-003746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624985/000168316823003746/tribal_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer