Giftify, Inc. Enters Material Definitive Agreement
Ticker: GIFT · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1760233
Sentiment: neutral
Topics: material-definitive-agreement, company-information
TL;DR
Giftify (GIFTY) signed a big deal on Jan 22nd. Details to come.
AI Summary
On January 22, 2025, GIFTIFY, INC. entered into a Material Definitive Agreement. The company, formerly known as RDE, Inc., uBid Holdings, Inc./New, and Incumaker, Inc., is incorporated in Delaware and headquartered in Norcross, Georgia.
Why It Matters
This filing indicates a significant new contract or partnership for Giftify, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, which is a significant event but lacks specific details about the agreement's terms or financial implications.
Key Players & Entities
- GIFTIFY, INC. (company) — Registrant
- RDE, Inc. (company) — Former Company Name
- uBid Holdings, Inc./New (company) — Former Company Name
- Incumaker, Inc. (company) — Former Company Name
- January 22, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by GIFTIFY, INC. on January 22, 2025?
The filing does not specify the nature of the Material Definitive Agreement, only that one was entered into on January 22, 2025.
What were GIFTIFY, INC.'s previous names?
GIFTIFY, INC. was formerly known as RDE, Inc., uBid Holdings, Inc./New, and Incumaker, Inc.
In which state is GIFTIFY, INC. incorporated?
GIFTIFY, INC. is incorporated in Delaware.
What is the business address of GIFTIFY, INC.?
The business address of GIFTIFY, INC. is Lakeside Corporate Court, 5880 Live Oak Parkway, Suite 100, Norcross, Georgia 30093.
What is the SIC code for GIFTIFY, INC.?
The Standard Industrial Classification (SIC) code for GIFTIFY, INC. is 5961, which corresponds to RETAIL-CATALOG & MAIL-ORDER HOUSES.
Filing Stats: 539 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-01-28 17:28:31
Key Financial Figures
- $2,000,000 b — rs Capital") in the principal amount of $2,000,000 bearing annual interest of 11.5% that had
- $6,459,000 — , National Association in the amount of $6,459,000. On January 22, 2025, under the terms
- $1,000,000.00 — "Allonge"), Giftify paid Spars Capital $1,000,000.00 of the principal amount due under the N
- $77,506.85 — he Note and made an interest payment of $77,506.85. Spars Capital and Giftify agreed to ex
- $9,583.33 — y the accrued interest in the amount of $9,583.33 for a total principal and interest paym
- $1,009,583.33 — total principal and interest payment of $1,009,583.33. The Allonge is subject to additional
Filing Documents
- form8-k.htm (8-K) — 36KB
- ex10-1.htm (EX-10.1) — 23KB
- 0001493152-25-004034.txt ( ) — 236KB
- gift-20250122.xsd (EX-101.SCH) — 3KB
- gift-20250122_lab.xml (EX-101.LAB) — 33KB
- gift-20250122_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: January 28, 2025 GIFTIFY, Inc. By: /s/ Ketan Thakker Ketan Thakker President and CEO -3-