FinTrade Sherpa secures IP-backed interim financing
FinTrade Sherpa, INC entered into an Interim Promissory Note with its largest shareholder and debt holder, Lode Star Gold, INC, providing secured interim financing tied to existing arrangements.
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Rhea-AI Filing Summary
FinTrade Sherpa, INC entered into an Interim Promissory Note with its largest shareholder and debt holder, Lode Star Gold, INC, providing secured interim financing tied to existing arrangements. The note carries an aggregate principal of $74,811.50 as of March 30, 2026, retroactively bearing a daily compounding interest rate of 0.0411% or 15.0015% per annum from April 1, 2026, and maturing on March 31, 2028.
To secure this debt, FinTrade granted Lode Star Gold a security interest in its Alpha-Optimus intellectual property, including trademarks, copyrights, patents, trade secrets, proprietary software, and related goodwill. The lender perfected this security interest via a UCC-1 financing statement filed with the Texas Secretary of State on April 1, 2026.
8-K Event Classification
Key Figures
Key Terms
Interim Promissory Note financial
Security Interest financial
IP Collateral financial
UCC-1 Financing Statement regulatory
events of default financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financing did FinTrade Sherpa (FTSP) enter into with Lode Star Gold?
What interest rate applies to FinTrade Sherpa’s new interim debt?
When does FinTrade Sherpa’s interim promissory note mature?
What collateral secures FinTrade Sherpa’s obligations under this note?
How was the security interest in FinTrade Sherpa’s IP perfected?
AI-generated analysis. How Rhea-AI works. Not financial advice.