---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003623"
form_type: "8-K"
ticker: null
cik: "0001614556"
company_name: "Star Alliance International Corp."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T15:57:31.494710+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Star Alliance signs $25M line of credit with convertible commitment note

## Summary
- Up to $25,000,000 in multiple advances of up to $25,000 each, 60-day term per advance, secured by all assets.
- Issued $500,000 convertible promissory note as commitment consideration, convertible on similar terms.
- Initial Note convertible at 75% of avg of two lowest intraday prices over 20 trading days before conversion; 4.99% cap.
- Covenants restrict share issuance below conversion price for 2 years and additional debt >$100,000 without majority approval.
- Default interest at 18% per annum; subsequent Notes convertible only upon default.

## SEC filing metadata
- accession: 0001683168-24-003623
- form_type: 8-K
- cik: 0001614556
- company_name: Star Alliance International Corp.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614556/000168316824003623/0001683168-24-003623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614556/000168316824003623/star_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003623
- JSON: https://secwatch.observer/filing/0001683168-24-003623.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003623.txt

## Key facts
- Material Agreements
  Star Alliance International Corp. entered into Line of Credit Agreement with a line of credit investor valued at up to $25,000,000 (effective 2024-05-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: a line of credit investor
  - Value: up to $25,000,000
  - Effective: 2024-05-15
  source text: On May 15, 2024, Star Alliance International Corp. (the “Company”) entered into a Line of Credit Agreement (the “Agreement”) with a line of credit investor (the “Investor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614556/000168316824003623/0001683168-24-003623-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.