Hallmark Venture Group Signs Material Definitive Agreement

TL;DR

Hallmark Venture Group signed a big deal on Oct 9th. Filing includes financials.

AI Summary

Hallmark Venture Group, Inc. entered into a Material Definitive Agreement on October 9, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Nevada and its principal executive offices are located in Las Vegas, NV.

Why It Matters

This filing indicates a significant new contract or partnership for Hallmark Venture Group, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The nature of the material definitive agreement is not specified, introducing uncertainty about its impact.

Key Players & Entities

• HALLMARK VENTURE GROUP, INC. (company) — Registrant
• October 9, 2024 (date) — Date of earliest event reported
• 000-56477 (other) — Commission file number
• NV (other) — State of incorporation
• Las Vegas, NV (location) — Principal executive offices
• 877 - 646-4833 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $500,000 — pany") authorized the issuance of up to $500,000 in non-convertible promissory notes. Th
• $2.00 — rant shall be exercisable at a price of $2.00 per share and shall expire two years af
• $33,000 — October 28, 2024, the Company issued a $33,000 promissory note and a warrant to purcha
• $30,000 — November 4, 2024, the Company issued a $30,000 promissory note and a warrant to purcha
• $25,000 — November 15, 2024 the Company issued a $25,000 promissory note and a warrant to purcha

Filing Documents

• form8-k.htm (8-K) — 44KB
• ex10-01.htm (EX-10.01) — 58KB
• ex10-02.htm (EX-10.02) — 16KB
• ex10-03.htm (EX-10.03) — 42KB
• 0001493152-24-047087.txt ( ) — 354KB
• hllk-20241009.xsd (EX-101.SCH) — 3KB
• hllk-20241009_lab.xml (EX-101.LAB) — 33KB
• hllk-20241009_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

01

ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT On October 9, 2024, Hallmark Venture Group, Inc. (the "Company") authorized the issuance of up to $500,000 in non-convertible promissory notes. The notes, when issued, will bear interest at a rate of 12% per month and will be due and payable six months after issuance. Purchasers of the notes will also be issued a common stock purchase warrant (each a "Warrant"). The warrant shall be exercisable at a price of $2.00 per share and shall expire two years after the issuance date. On October 28, 2024, the Company issued a $33,000 promissory note and a warrant to purchase 825 shares of Company common stock. On November 4, 2024, the Company issued a $30,000 promissory note and a warrant to purchase 750 shares of Company common stock. On November 15, 2024 the Company issued a $25,000 promissory note and a warrant to purchase 625 shares of Company common stock. A copy of the aforementioned documents which are filed as Exhibits hereto and incorporated by reference in this Current Report on Form 8-K.

FINANCIAL STATEMENTS AND EXHIBITS

FINANCIAL STATEMENTS AND EXHIBITS EXHIBIT INDEX Exhibit Number Description 10.01 Form of Promissory Note & Warrant Agreement 10.02 Form of Promissory Note 10.03 Form of Warrant 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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: November 21, 2024 Hallmark Venture Group, Inc. By: /s/ Evan Bloomberg Name: Evan Bloomberg Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR