---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-26-000008"
form_type: "8-K"
ticker: null
cik: "0001885849"
company_name: "Tofla Megaline Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:50:50.680539+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tofla Megaline in default on $524K convertible notes; lenders demand $863K

## Summary
- Received default notice on three convertible promissory notes issued Jan 17, 2025, matured March 31, 2025, with principal $524,000.
- Claimed default amount as of Dec 1, 2025 is $863,497.40, after partial payment of $85,000 on Nov 7, 2025.
- Five business day cure period ending Jan 5, 2026; failure allows acceleration and enforcement on collateral at Peachtree Street NE, Atlanta.
- Default Notice reinstates prior default notices; partial payment did not cure or extend deadlines.
- Holders may seek conversion rights, collection actions, legal enforcement, and attorney's fees.

## SEC filing metadata
- accession: 0001731122-26-000008
- form_type: 8-K
- cik: 0001885849
- company_name: Tofla Megaline Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1885849/000173112226000008/0001731122-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1885849/000173112226000008/e7099_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-26-000008
- JSON: https://secwatch.observer/filing/0001731122-26-000008.json
- Plain text: https://secwatch.observer/filing/0001731122-26-000008.txt

## Key facts
- Debt Financings
  Tofla Megaline Inc. reported a default on convertible notes of $524,000 with three lenders at 150% Default Amount Due maturing March 31, 2025.
  - Instrument: convertible notes
  - Principal: $524,000
  - Counterparty: three lenders
  - Rate: 150% Default Amount Due
  - Maturity: March 31, 2025
  - Event: default
  source text: from December 26, 2025, during which the Company may remit full payment of all outstanding amounts to cure the default. The Default Notice related to the principal amount of $524,000 due under the Notes provided by three lenders with a claimed 150% Default Amount Due (as of December 1, 2025) totaling $863,497.40, after giving effect to a partial payment of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1885849/000173112226000008/0001731122-26-000008-index.htm

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