Hallmark Venture Group Enters Material Definitive Agreement
Ticker: HLLK · Form: 8-K · Filed: Mar 6, 2024 · CIK: 1331421
| Field | Detail |
|---|---|
| Company | Hallmark Venture Group, Inc. (HLLK) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Hallmark Venture Group signed a big deal on Dec 12, 2023, creating new financial obligations.
AI Summary
On December 12, 2023, Hallmark Venture Group, Inc. entered into a material definitive agreement. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Hallmark Venture Group, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and uncertainties for a company.
Key Players & Entities
- Hallmark Venture Group, Inc. (company) — Registrant
- December 12, 2023 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Hallmark Venture Group, Inc. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on December 12, 2023.
What is the nature of the financial obligation created by this agreement?
The filing states that the agreement created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not provide specific details.
Where is Hallmark Venture Group, Inc.'s principal executive office located?
Hallmark Venture Group, Inc.'s principal executive offices are located at 5112 West Taft Road, Suite M, Liverpool, NY 13088.
What is Hallmark Venture Group, Inc.'s Commission file number?
Hallmark Venture Group, Inc.'s Commission file number is 000-56477.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 12, 2023.
Filing Stats: 513 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-03-06 15:46:16
Key Financial Figures
- $100,000 — ure Group, Inc (the "Company") issued a $100,000, 6% Demand Promissory note (the "Note")
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex10-1.htm (EX-10.1) — 9KB
- 0001493152-24-009016.txt ( ) — 221KB
- hllk-20231212.xsd (EX-101.SCH) — 3KB
- hllk-20231212_lab.xml (EX-101.LAB) — 33KB
- hllk-20231212_pre.xml (EX-101.PRE) — 22KB
- 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 hereunto duly authorized. Dated: March 6, 2024 Hallmark Venture Group, Inc. By: /s/ John D.Murphy, Jr. Name: John D. Murphy, Jr. Title: President and Chief Executive Officer 3