secwatch.observer — SEC 8-K summary
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Issuer:     AMERIGUARD SECURITY SERVICES, INC. (AGSS)
CIK:        0001514443
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001829126-24-000216
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/0001829126-24-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514443/000182912624000216/ameriguardsec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-000216

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