secwatch.observer — SEC 8-K summary
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Issuer:     Cardiff Lexington Corp (CDIX)
CIK:        0000811222
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001683168-23-006977
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardiff Lexington enters $4.5M accounts receivable purchase agreement with DML HC Series
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- Initial advance of $500K, max $4.5M, to purchase pools of accounts receivable from subsidiary Nova Ortho and Spine.
- Fees include a 2% closing fee on max advance, 2.25% discount fee on face amount, and 5% subordinate lien fee.
- Term of two years with auto-renewal; secured by first-priority security interest on all Seller assets.
- Guaranty and Security Agreement executed by Cardiff, Nova, Platinum Tax Defenders, and Edge View Properties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/cardiff_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006977

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