secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kisses From Italy Inc. (KITL)
CIK:        0001608092
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001683168-23-003788
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kisses from Italy raises $100K via convertible note, warrant & commitment shares
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/0001683168-23-003788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1608092/000168316823003788/kisses_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003788

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