My Market Wizard

GIFTIFY, INC. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

GIFTIFY, INC.

Filing date:

02/21/2025

TLDR:

Giftify, Inc. entered into a secured promissory note with Real World Digital Assets LLC for $1,000,000, replacing a previous note.

ELI5:

Giftify borrowed $1 million from Real World Digital Assets and promised to pay it back with interest by the end of 2025. If Giftify doesn’t pay, Real World can claim Giftify’s assets.

Accession #:

0001493152-25-007871

Published on

Analyst Summary

  • Giftify entered into a secured promissory note with Real World Digital Assets LLC for $1,000,000.
  • The note bears an annual interest of 11.5%.
  • The maturity date of the note is December 31, 2025.
  • The note is collateralized by a blanket lien on Giftify’s assets.
  • The note is subordinated only to the line of credit owed by Giftify to Pathward, National Association in the amount of approximately $4,000,000.
  • The Note replaces the secured promissory note dated September 20, 2024, in the principal amount of $1,000,000 that had a due date of February 19, 2025.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️