secwatch.observer — SEC 8-K summary
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Issuer:     HIRU Corp (HIRU)
CIK:        0000925779
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001683168-24-000626
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HIRU Corp. defaults on $1.4M loan to Bayern Industries; new management takes over, restructuring agreed
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- Default on $1.4M loan from Bayern Industries (May 2022) occurred July 2023; UCC filing Jan 24, 2024 lists water equipment collateral.
- New management gained control on or about Oct 16, 2023; filed board notes with OTC Markets on Nov 10 and Nov 13, 2023.
- Company reached agreement in principle with Bayern to restructure the loan and resume water packing operations; definitive deal to follow.
- Principal executive offices moved to West Palm Beach, FL (500 S Australian Ave Suite 600) from Glendale, AZ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/925779/000168316824000626/0001683168-24-000626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/925779/000168316824000626/hiru_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000626

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