secwatch / observer
8-K filed December 11, 2023, 6:59 PM ET ticker KITL CIK 0001608092
other material confidence high sentiment neutral materiality 0.60

Kisses from Italy extends equity commitment with MacRab LLC to 36 months, removes registration condition

Kisses From Italy Inc.

item 1.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Kisses From Italy Inc. amended Standby Equity Commitment Agreement with MacRab LLC valued at extended Commitment Period from 24 to 36 months, removed termination condition based on Registration (effective 2023-12-05).

Action
amendment
Agreement
equity purchase
Counterparty
MacRab LLC
Value
extended Commitment Period from 24 to 36 months, removed termination condition based on Registration
Effective
2023-12-05
Exact text from the filing
On December 5, 2023, the Company and the Investor entered into Second Amendment to the Purchase Agreement, which changed the definition of the Commitment Period, extending the maximum Commitment Period from twenty-four (24) months from the date of the Purchase Agreement to thirty-six (36) months from the date of the Purchase Agreement and removing a condition that if the initial Registration Statement is no longer effective, it will trigger earlier termination of the Purchase Agreement.
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Kisses From Italy Inc. filing history →

Source: SEC EDGAR
accession 0001683168-23-008776
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