ABUNDIA GLOBAL IMPACT GROUP, INC. (AGIG) Form 8-K — Aug 17, 2026
Abundia Global Impact Group entered into a securities purchase agreement with Bower Family Holdings, LLC on August 15, 2026, issuing a secured promissory note with an initial principal of $6.5 million bearing 10% interest, with the option to draw additional tranches up to $10 million in aggregate over 24 months. Proceeds will fund general working capital and corporate purposes, including repayment of $4,193,129.03 outstanding under a senior secured convertible promissory note dated April 1, 2026 held by Abundia Financial, LLC.
Key figures
- Debt Amount
- 6500000
- Interest Rate
- 10
- Maturity Date
- August 15, 2028 (24 months from issuance)
- Collateral
- Real property at 801 Travis Street, Suite 1425, Houston, Texas 77002
- Default interest
- 3% per year on accrued/unpaid interest and overdue amounts
- Min tranche size
- $500,000
- Max facility size
- $10,000,000
- Debt repaid with proceeds
- $4,193,129.03
- Default trigger threshold
- $75,000
- Legal fee reimbursement cap
- $35,000
Price after filing
Close on the filing date to close N calendar days later (from $0.93). Historical, not a forecast.
AI analysis
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