STOCK TITAN

SecureTech (OTCQB: SCTH) raises $500K via new convertibles, retires CFI note

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SecureTech Innovations, Inc. entered into two new 10% convertible promissory notes to raise cash and refinance debt. Willow Creek Capital Holdings, LLC purchased a note with $112,500 principal, providing $100,000 in net proceeds after an original issue discount and legal fees. Red Rock Development Group, LLC purchased a note with $445,000 principal, providing $400,000 in net proceeds. Both notes mature on May 8, 2027 and become convertible after six months at 60% of the lowest trading price over the prior 15 trading days. SecureTech also fully repaid a prior $150,000 CFI Capital, LLC convertible note for $244,362.33, with no stock conversions, and states it intends to repay the new notes in cash and not register their resale.

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Insights

SecureTech adds discounted convertible debt while retiring an older note.

SecureTech raised $500,000 of net cash through two 10% convertible promissory notes with Willow Creek and Red Rock, maturing on May 8, 2027. Both carry a variable conversion feature at 60% of the lowest trading price over 15 prior trading days.

The company used liquidity to redeem a prior CFI Capital note, paying $244,362.33 against $150,000 principal, including interest and various fees. This eliminates potential equity dilution from that instrument but adds new obligations with a deeper conversion discount if not repaid in cash.

The notes were issued under a Section 4(a)(2) exemption to accredited investors, and SecureTech states it intends to repay them in cash rather than allow conversion. Actual impact on shareholders will depend on future cash generation and whether repayment before May 8, 2027 is achieved.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Willow Creek note principal $112,500 principal 10% Convertible Promissory Note issued May 8, 2026
Willow Creek net proceeds $100,000 net proceeds After $10,000 OID and $2,500 legal fees
Red Rock note principal $445,000 principal 10% Convertible Promissory Note issued May 8, 2026
Red Rock net proceeds $400,000 net proceeds After $40,000 OID and $5,000 legal fees
Conversion discount 60% of lowest trading price Conversion price based on 15 prior trading days
CFI note principal $150,000 principal Previous CFI Capital note at 6% interest
CFI redemption amount $244,362.33 paid Includes interest, prepayment fee, and standstill fees
Convertible Promissory Note financial
"purchased a 10% Convertible Promissory Note (“WC Note”) from SecureTech in the principal amount"
A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.
Original Issue Discount financial
"of which $10,000 was retained by Willow Creek through an Original Issue Discount (OID)"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
accredited investor financial
"Each of Willow Creek and Red Rock represented to the Company in writing that each is an “accredited investor”"
An accredited investor is an individual or entity that meets certain financial criteria, such as having a high income or significant net worth, allowing them to invest in private or less regulated investment opportunities. This status matters because it grants access to investments that are often riskier or less available to the general public, reflecting a higher level of financial knowledge or resources.
Section 4(a)(2) regulatory
"offered and sold in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
standstill fees financial
"comprising principal of $150,000, accrued interest of $5,795.52, a prepayment fee of $62,317.81, and standstill fees of $26,250.00"
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (date of earliest event reported): May 8, 2026

 

 

                          SecureTech Innovations, Inc.                       

 (Exact name of registrant as specified in its charter)

 

 

Wyoming

 

000-55927

 

82-0972782

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

 

           2355 Highway 36 West, Suite 400,Roseville, MN  55113           

 (Address of principal executive offices and zip code)

 

 

                                     (651) 317-8990                             

 (Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR240.14a-12) 

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b)) 

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

N/A

 

N/A

 

N/A

 

Securities registered pursuant to Section 12(g) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.001 par value

 

SCTH

 

OTCQB Venture Market

 


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

¨

 

Forward-Looking Statements

 

This Form 8-K and other reports filed by SecureTech Innovations, Inc. ("SecureTech") with the Securities and Exchange Commission (collectively, “Filings”) contain or may contain forward-looking statements and information based on our management's beliefs, current information, estimates, and assumptions. Words like 'believes,' 'estimates,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,' 'potential,' 'may,' 'could,' 'might,' 'will,' 'should,' 'approximately,' and similar expressions identify these forward-looking statements as they relate to our business or management. Such statements reflect our management’s current view regarding future events and are subject to risks, uncertainties, assumptions, and other factors (including the risks described in the “Risk Factors” section of our Annual Report on Form 10-K) that relate to our industry, operations, and results. If these risks or uncertainties materialize or, if our assumptions prove incorrect, actual results may differ significantly from those anticipated in these forward-looking statements.

 

While we believe the expectations reflected in these forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including US securities laws, we do not intend to update any forward-looking statements in this Form 8-K or elsewhere.

 

Item 1.01

 

Entry into a Material Definitive Agreement

 

Willow Creek Capital Holdings, LLC Convertible Promissory Note

 

On May 8, 2026, SecureTech Innovations, Inc. (“SecureTech” or “Company”) entered into a Securities Purchase Agreement (“WC Purchase Agreement”) with Willow Creek Capital Holdings, LLC (“Willow Creek”), pursuant to which Willow Creek purchased a 10% Convertible Promissory Note (“WC Note”) from SecureTech in the principal amount of $112,500 of which $10,000 was retained by Willow Creek through an Original Issue Discount (OID) and $2,500 was retained to cover legal fees associated with this transaction, resulting in net proceeds to the Company of $100,000. The WC Note is due and payable on May 8, 2027.

 

The Holder of the WC Note is entitled, at its option, at any time after the 6th monthly anniversary of the WC Note, to convert all or any amount of the principal face amount of the WC Note then outstanding into shares of SecureTech’s common stock, $0.001 par value (“Common Stock”), at a price for each share of Common Stock equal to 60% of the lowest trading price of the Common Stock as reported on the OTC Markets (or any future exchange on which the Common Stock is traded) during the fifteen trading days prior to the date on which a Notice of Conversion is received by SecureTech (“Conversion Price”).

 

The foregoing description of the WC Purchase Agreement and WC Note is qualified in its entirety by reference to the full text of the Purchase Agreement and Note, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

 

Red Rock Development Group, LLC Convertible Promissory Note

 

On May 8, 2026, SecureTech entered into a Securities Purchase Agreement (“RR Purchase Agreement”) with Red Rock Development Group, LLC (“Red Rock”), pursuant to which Red Rock purchased a 10% Convertible Promissory Note (“RR Note”) from SecureTech in the principal amount of $445,000 of which $40,000 was retained by Red Rock through an Original Issue Discount (OID) and $5,000 was retained to cover legal fees associated with this transaction, resulting in net proceeds to the Company of $400,000. The RR Note is due and payable on May 8, 2027.


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The Holder of the RR Note is entitled, at its option, at any time after the 6th monthly anniversary of the RR Note, to convert all or any amount of the principal face amount of the RR Note then outstanding into shares of SecureTech’s common stock, $0.001 par value, at a price for each share of Common Stock equal to 60% of the lowest trading price of the Common Stock as reported on the OTC Markets (or any future exchange on which the Common Stock is traded) during the fifteen trading days prior to the date on which a Notice of Conversion is received by SecureTech (“Conversion Price”).

 

The foregoing description of the RR Purchase Agreement and RR Note is qualified in its entirety by reference to the full text of the RR Purchase Agreement and RR Note, which are filed as Exhibits 10.3 and 10.4, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

 

 

Item 1.02

 

Termination of a Material Definitive Agreement

 

Repayment of Convertible Note to CFI Capital, LLC

 

On September 18, 2025 (“Closing Date”), SecureTech completed the sale of a Convertible Promissory Note to CFI Capital, LLC (“CFI Note”) in the principal amount $150,000 with an interest rate of 6% per annum pursuant to the terms of a Securities Purchase Agreement between CFI Capital, LLC (“CFI”) and SecureTech (“CFI Agreement”).  For more information on this transaction, see SecureTech’s Current Report on Form 8-K filed with the SEC on September 25, 2025.

 

On May 11, 2026, SecureTech redeemed the CFI Note in full for an aggregate payment of $244,362.33, comprising principal of $150,000, accrued interest of $5,795.52, a prepayment fee of $62,317.81, and standstill fees of $26,250.00. In accordance with this payment, the CFI Agreement was terminated and the CFI Note was canceled and returned to SecureTech. No shares of SecureTech’s Common Stock were issued to CFI Capital, LLC, and no share conversions occurred pursuant to the CFI Note.

 

With the repayment of this CFI Note, SecureTech has no further obligations to CFI.

 

 

Item 2.03

 

Creation of a Direct Financial Obligation or an Obligation under an Off‑Balance Sheet Arrangement of a Registrant

 

The information set forth in Item 1.01 above is incorporated herein by reference. SecureTech’s entry into the WC Purchase Agreement, the WC Note, the RR Purchase Agreement, and the RR Note represents the creation of direct financial obligations under the terms described above.

 

 

Item 3.02

 

Unregistered Sales of Equity Securities

 

The disclosures set forth in Item 1.01 of this Current Report are incorporated herein by reference.

 

The WC Note and the RR Note were offered and sold in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (“Securities Act”). Each of Willow Creek and Red Rock represented to the Company in writing that each is an “accredited investor” within the meaning of the Securities Act. The Company relied on these exemptions from registration, in part based on representations made by each purchaser.

 

To the extent the WC Note or RR Note has not been transferred prior to conversion, any shares of Common Stock issuable upon conversion thereof would be issued in transactions anticipated to be exempt from registration under the Securities Act. The Company does not intend to file a registration statement covering the resale of the WC Note or RR Note, or any shares of Common Stock issuable upon conversion of the Notes. The Company intends to repay both the WC Note and the RR Note in cash prior to their respective maturity dates and does not anticipate that either Note will be converted into shares of Common Stock.


3


 

 

Item 9.01

 

Financial Statements and Exhibits

 

(d) Exhibits 

 

10.1

 

Securities Purchase Agreement, dated May 8, 2026, by and between SecureTech Innovations, Inc. and Willow Creek Capital Holdings, LLC

10.2

 

Convertible Promissory Note, dated May 8, 2026, by and between SecureTech Innovations, Inc. and Willow Creek Capital Holdings, LLC

10.3

 

Securities Purchase Agreement, dated May 8, 2026, by and between SecureTech Innovations, Inc. and Red Rock Development Group, LLC

10.4

 

Convertible Promissory Note, dated May 8, 2026, by and between SecureTech Innovations, Inc. and Red Rock Development Group, LLC

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

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: May 12, 2026

 

 

 

 

By:

SECURETECH INNOVATIONS, INC.

 

 

 

/s/ J. Scott Sitra

 

 

President, Chief Executive Officer,

Principal Executive Officer, and Director


4

 

FAQ

What new financing did SecureTech Innovations (SCTH) arrange on May 8, 2026?

SecureTech arranged two 10% convertible promissory notes on May 8, 2026, with Willow Creek and Red Rock. The notes have principal amounts of $112,500 and $445,000, providing total net cash proceeds of $500,000 to help fund the company’s operations and obligations.

How do the Willow Creek and Red Rock convertible notes for SCTH convert into common stock?

Both notes become convertible six months after issuance, at each holder’s option. The conversion price equals 60% of the lowest trading price of SecureTech’s common stock during the 15 trading days before the company receives a conversion notice, creating potential dilution if converted.

When do SecureTech’s new Willow Creek and Red Rock notes mature and at what interest rate?

Each new promissory note carries a 10% interest rate and is due on May 8, 2027. Until maturity or earlier repayment or conversion, SecureTech must service these obligations under the agreed terms while managing potential future cash requirements or equity issuance risk.

How much cash did SecureTech net from the Willow Creek and Red Rock note issuances?

SecureTech netted $100,000 from the Willow Creek note and $400,000 from the Red Rock note. Original issue discounts and legal fees reduced gross principal amounts of $112,500 and $445,000, resulting in combined net proceeds of $500,000 for corporate purposes.

What happened with SecureTech’s previous CFI Capital convertible note?

SecureTech fully redeemed the CFI Capital note on May 11, 2026, paying $244,362.33. This payment covered $150,000 principal, $5,795.52 interest, a $62,317.81 prepayment fee, and $26,250 in standstill fees, and no shares were issued or converted under that prior note.

Will SecureTech register the resale of shares underlying the new convertible notes?

SecureTech states it does not intend to file a registration statement covering resale of the notes or any conversion shares. The company also indicates it plans to repay both notes in cash before maturity, seeking to avoid issuing stock under these financing arrangements.

Filing Exhibits & Attachments

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