RDE, Inc. Enters Material Definitive Agreement
Ticker: GIFT · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1760233
Sentiment: neutral
Topics: financing, debt
Related Tickers: GIFT
TL;DR
RDE just signed a new loan deal with Spars Capital.
AI Summary
On September 20, 2024, RDE, Inc. entered into a secured promissory note with Spars Capital Group LLC for an undisclosed principal amount. This agreement signifies a material definitive agreement for RDE.
Why It Matters
This filing indicates RDE, Inc. has secured a new financing agreement, which could impact its operational capacity and financial structure.
Risk Assessment
Risk Level: medium — The filing details a new material definitive agreement, which introduces financial obligations and potential risks associated with the terms of the secured promissory note.
Key Players & Entities
- RDE, Inc. (company) — Registrant
- Spars Capital Group LLC (company) — Lender
- September 20, 2024 (date) — Date of agreement
FAQ
What is the principal amount of the secured promissory note?
The filing states that RDE, Inc. entered into a secured promissory note with Spars Capital Group LLC in the principal amount, but the specific amount is not disclosed in the provided text.
Who is the other party to the material definitive agreement?
The other party to the material definitive agreement is Spars Capital Group LLC.
What is the date of the reported event?
The date of the earliest event reported is September 20, 2024.
What type of agreement did RDE, Inc. enter into?
RDE, Inc. entered into a secured promissory note.
What is the principal executive office address of RDE, Inc.?
The principal executive office address of RDE, Inc. is Lakeside Corporate Court, 5880 Live Oak Parkway, Suite 100, Norcross, Georgia 30093.
Filing Stats: 539 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-09-24 16:39:46
Key Financial Figures
- $2,000,000 b — rs Capital") in the principal amount of $2,000,000 bearing annual interest of 11.5% that has
- $20,000 — 025. The Note has an origination fee of $20,000 and may be prepaid without penalty. The
- $6,459,000 — , National Association in the amount of $6,459,000. The Note and Security Agreement are su
Filing Documents
- form8-k.htm (8-K) — 32KB
- ex10-1.htm (EX-10.1) — 4KB
- ex10-2.htm (EX-10.2) — 7KB
- ex10-1_001.jpg (GRAPHIC) — 520KB
- ex10-1_002.jpg (GRAPHIC) — 545KB
- ex10-1_003.jpg (GRAPHIC) — 545KB
- ex10-1_004.jpg (GRAPHIC) — 68KB
- ex10-1_005.jpg (GRAPHIC) — 183KB
- ex10-2_001.jpg (GRAPHIC) — 603KB
- ex10-2_002.jpg (GRAPHIC) — 654KB
- ex10-2_003.jpg (GRAPHIC) — 580KB
- ex10-2_004.jpg (GRAPHIC) — 605KB
- ex10-2_005.jpg (GRAPHIC) — 516KB
- ex10-2_006.jpg (GRAPHIC) — 493KB
- ex10-2_007.jpg (GRAPHIC) — 344KB
- ex10-2_008.jpg (GRAPHIC) — 155KB
- 0001493152-24-037967.txt ( ) — 8224KB
- gift-20240920.xsd (EX-101.SCH) — 3KB
- gift-20240920_lab.xml (EX-101.LAB) — 33KB
- gift-20240920_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: September 23, 2024 RDE, INC. By: /s/ Ketan Thakker Ketan Thakker President and CEO -3-