secwatch.observer — SEC 8-K summary
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Issuer:     Kisses From Italy Inc. (KITL)
CIK:        0001608092
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001683168-23-004190
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kisses from Italy issues $110K promissory note to Firstfire Global; receives $100K net
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- Issued $110,000 promissory note with 10% interest, due June 5, 2024; net proceeds $100,000 after $10,000 OID.
- Note convertible at $0.01/share; warrant to purchase 1,000,000 shares at $0.10/share exercisable for 5 years.
- Issued 500,000 commitment shares as additional consideration; sale exempt under Section 4(2) and Regulation D.
- Upon default, interest increases to lesser of 18% or maximum allowed by law; prepayment permitted without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/0001683168-23-004190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1608092/000168316823004190/kisses_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004190

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