8-K
filed January 16, 2024, 6:59 PM ET
ticker AGSS
CIK 0001514443
debt
confidence high
sentiment negative
materiality 0.65
Ameriguard enters $1.65M in high-cost revenue purchase agreements; appoints new CFO
AMERIGUARD SECURITY SERVICES, INC.
- Entered three revenue purchase/merchant cash advance agreements with VCG, TVT, and Cedar for total proceeds of $1,652,500.
- VCG agreement: received $412.5K; purchase amount $565.1K at 8.48% interest; weekly payments of $17,660.
- TVT CAP agreement: received $736K; purchase price $800K; purchased receivables $1,199.2K at 14.87%; weekly payments $49,966.67.
- Cedar Advance agreement: received $504K; purchase price $525K; purchased receivables $719.3K at 12%; weekly payments $22,476.56.
- Jason Bovell appointed CFO effective Dec 7, 2023; Mike Goossen reassigned to Senior Controller.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Bovell was appointed as Chief Financial Officer at AMERIGUARD SECURITY SERVICES, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On December 7, 2023, the Board of Directors of AGSS resolved to appoint Jason Bovell as the Chief Financial Officer of AGSS and reassign Mike Goossen from Chief Financial Officer to Senior Controller.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mike Goossen changed role as Senior Controller at AMERIGUARD SECURITY SERVICES, INC..
- Action
- reassigned
- Role
- Senior Controller
Exact text from the filing
On December 7, 2023, the Board of Directors of AGSS resolved to appoint Jason Bovell as the Chief Financial Officer of AGSS and reassign Mike Goossen from Chief Financial Officer to Senior Controller.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMERIGUARD SECURITY SERVICES, INC. entered into revenue purchase agreement with Velocity Capital Group LLC valued at $412,500 (effective 2023-12-18).
- Action
- entry
- Counterparty
- Velocity Capital Group LLC
- Value
- $412,500
- Effective
- 2023-12-18
Exact text from the filing
On December 18, 2023, Ameriguard Security Services Inc. (“AGSS”) entered into a revenue purchase agreement with Velocity Capital Group LLC (“VCG”), pursuant to which AGSS received $412,500 from VCG, for a purchase amount of $565,125.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMERIGUARD SECURITY SERVICES, INC. entered into standard merchant cash advance agreement with Cedar Advance LLC valued at $504,000 (effective 2024-01-02).
- Action
- entry
- Counterparty
- Cedar Advance LLC
- Value
- $504,000
- Effective
- 2024-01-02
Exact text from the filing
On January 2, 2024, AGSS entered into a standard merchant cash advance agreement with Cedar Advance LLC (“Cedar”), pursuant to which AGSS received $504,000 from Cedar, for a purchase price of $525,000 and a purchased receivables amount of $719,250.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMERIGUARD SECURITY SERVICES, INC. entered into standard merchant cash advance agreement with TVT CAP valued at $736,000 (effective 2023-12-20).
- Action
- entry
- Counterparty
- TVT CAP
- Value
- $736,000
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, AGSS entered into a standard merchant cash advance agreement with TVT CAP (“TVT”), pursuant to which AGSS received $736,000 from TVT, for a purchase price of $800,000 and a purchased receivables amount of $1,199,200.
View on SEC.gov
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