Kisses From Italy Inc. (KITL): debt financing — Kisses from Italy raises $100K via convertible note, warrant & commitment shares

Kisses From Italy Inc.

Issued $110,000 convertible promissory note to Jefferson Street Capital LLC with 10% interest, maturing Feb 9, 2024.
Net proceeds of $100,000 due to original issue discount; note convertible at $0.01 per share.
Issued 500,000 commitment shares and a warrant to purchase 1,000,000 shares at $0.10 per share.
Securities issued in private placement under Section 4(2) and Regulation D.
Beneficial ownership limitation of 4.99% applies to the investor.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Kisses From Italy Inc. incurred loan of $110,000.00 with Jefferson Street Capital LLC at 10% per annum maturing February 9, 2024.

Instrument: loan
Principal: $110,000.00
Counterparty: Jefferson Street Capital LLC
Rate: 10% per annum
Maturity: February 9, 2024
Event: incurrence

Exact text from the filing

On May 24, 2022, Kisses from Italy, Inc., a Florida corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Jefferson Street Capital LLC, a New Jersey limited liability company (“Lender”), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the “Note”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kisses From Italy Inc. entered into Securities Purchase Agreement with Jefferson Street Capital LLC valued at $110,000.00 (effective 2022-05-24).

Action: entry
Agreement: equity purchase
Counterparty: Jefferson Street Capital LLC
Value: $110,000.00
Effective: 2022-05-24

Exact text from the filing

On May 24, 2022, Kisses from Italy, Inc., a Florida corporation (the "Company"), entered into a Securities Purchase Agreement (the "Purchase Agreement") with Jefferson Street Capital LLC, a New Jersey limited liability company ("Lender"), pursuant to which the Company issued to the Lender a promissory note in the principal amount of $110,000.00 (the "Note").

View on SEC.gov

Browse all debt financings →

Kisses From Italy Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-003788

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.