---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-000216"
form_type: "8-K"
ticker: "AGSS"
cik: "0001514443"
company_name: "AMERIGUARD SECURITY SERVICES, INC."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:10:26.500673+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ameriguard enters $1.65M in high-cost revenue purchase agreements; appoints new CFO

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-000216
- form_type: 8-K
- ticker: AGSS
- cik: 0001514443
- company_name: AMERIGUARD SECURITY SERVICES, INC.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/ameriguardsec_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-000216
- JSON: https://secwatch.observer/filing/0001829126-24-000216.json
- Plain text: https://secwatch.observer/filing/0001829126-24-000216.txt

## Key facts
- Executive change
  Jason Bovell was appointed as Chief Financial Officer at AMERIGUARD SECURITY SERVICES, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
- Executive change
  Mike Goossen changed role as Senior Controller at AMERIGUARD SECURITY SERVICES, INC..
  - Action: reassigned
  - Role: Senior Controller
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm

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