{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-003788","form_type":"8-K","ticker":"KITL","cik":"0001608092","company_name":"Kisses From Italy Inc.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.648503+00:00","generated_at":"2026-06-14T10:29:59.014998+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Kisses from Italy raises $100K via convertible note, warrant & commitment shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-003788","json":"https://secwatch.observer/filing/0001683168-23-003788.json","markdown":"https://secwatch.observer/filing/0001683168-23-003788.md","text":"https://secwatch.observer/filing/0001683168-23-003788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/0001683168-23-003788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/kisses_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:29:59.014998+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":[{"claim_id":"e337ec92c465433470185df70e65423b7e3cb911","claim":"Kisses From Italy Inc. incurred loan of $110,000.00 with Jefferson Street Capital LLC at 10% per annum maturing February 9, 2024.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/0001683168-23-003788-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$110,000.00"},{"label":"Counterparty","value":"Jefferson Street Capital LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"February 9, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e92b3e4fd7026c076548431dee4697822cc14070","claim":"Kisses From Italy Inc. entered into Securities Purchase Agreement with Jefferson Street Capital LLC valued at $110,000.00 (effective 2022-05-24).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/0001683168-23-003788-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Jefferson Street Capital LLC"},{"label":"Value","value":"$110,000.00"},{"label":"Effective","value":"2022-05-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}