STOCK TITAN

SecureTech Innovations (OTCQB: SCTH) raises $150,000 via 6% convertible promissory note

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

Rhea-AI Filing Summary

SecureTech Innovations, Inc. entered into a securities purchase agreement with CFI Capital LLC, under which CFI purchased a 6% convertible promissory note with a principal amount of $150,000, including a $15,000 original issue discount retained by CFI. The note matures on September 18, 2026. After the sixth monthly anniversary, the holder may convert any outstanding principal into SecureTech common stock at a price equal to 60% of the lowest trading price over the fifteen trading days before a conversion notice. SecureTech characterizes this arrangement as a direct financial obligation on the company.

Positive

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Insights

SecureTech adds a small, discounted convertible debt obligation.

SecureTech Innovations, Inc. has issued a $150,000 6% convertible promissory note to CFI Capital LLC with a $15,000 original issue discount, creating a direct financial obligation that requires repayment or conversion by September 18, 2026.

The note becomes convertible after the sixth monthly anniversary at a price equal to 60% of the lowest trading price over the prior fifteen trading days. This structure links the potential share issuance directly to market prices prevailing before each conversion decision.

Actual effects on share count and capital structure will depend on whether and when CFI elects to convert principal into common stock after the six‑month mark and how SecureTech’s trading price on the OTCQB behaves over those fifteen‑day lookback periods.

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 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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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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): September 18, 2025

 

 

                          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

 


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

 

On September 18, 2025 SecureTech Innovations, Inc. (“SecureTech” or “Company”) entered into a securities purchase agreement (“Purchase Agreement”) with CFI Capital LLC (“CFI”), pursuant to which CFI purchased a 6% convertible promissory Note (“Note”) from SecureTech in the principal amount of $150,000 of which $15,000 was retained by CFI through an Original Issue Discount. The Note is due and payable on September 18, 2026.

 

The Holder of this Note is entitled, at its option, at any time after the 6th monthly anniversary of this Note, to convert all or any amount of the principal face amount of this 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 Note is qualified in its entirety by reference to the full text of the Note, which is filed as Exhibit 10.6 to this Current Report on Form 8-K and incorporated herein by reference.

 

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 Note represents the creation of a direct financial obligation under the terms described above.


2


 

 

Item 9.01

 

Financial Statements and Exhibits

 

(d) Exhibits 

 

10.6

 

Convertible Promissory Note, dated September 18, 2025, by and between SecureTech Innovations, Inc. and CFI Capital, 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: September 23, 2025

 

 

 

 

By:

SECURETECH INNOVATIONS, INC.

 

 

 

/s/ J. Scott Sitra

 

 

President, Chief Executive Officer,

Principal Executive Officer, and Director


3

 

FAQ

What did SecureTech Innovations (SCTH) disclose in its latest 8-K filing?

SecureTech Innovations disclosed that it entered into a securities purchase agreement with CFI Capital LLC for a 6% convertible promissory note. The note has a principal amount of $150,000 and represents a new direct financial obligation for the company.

What are the key terms of SecureTech Innovations’ 6% convertible promissory note?

The note has a principal of $150,000 with a 6% rate, including a $15,000 original issue discount retained by CFI Capital LLC. It matures on September 18, 2026 and can be converted into SecureTech common stock after six months on specified pricing terms.

How is the conversion price determined for the SecureTech (SCTH) convertible note?

The conversion price equals 60% of the lowest trading price of SecureTech’s common stock on the OTC Markets over the fifteen trading days before a conversion notice. This formula applies after the sixth monthly anniversary of the note’s issuance.

When does SecureTech Innovations’ 6% convertible promissory note mature?

The 6% convertible promissory note issued to CFI Capital LLC is due and payable on September 18, 2026. Until that date, CFI may choose to hold the debt, receive interest, or convert principal into SecureTech common stock under the defined conversion formula.

What is the original issue discount on SecureTech Innovations’ convertible note?

Of the $150,000 principal on the convertible promissory note, $15,000 was retained by CFI Capital LLC as an original issue discount. This means SecureTech’s obligation is $150,000, while receiving proceeds reduced by the $15,000 discount amount at issuance.

Who is the investor in SecureTech Innovations’ new convertible note financing?

The investor is CFI Capital LLC, which entered into a securities purchase agreement with SecureTech Innovations. Under this agreement, CFI purchased a 6% convertible promissory note with a $150,000 principal amount, including a $15,000 original issue discount, and holds the related conversion rights.
Securetech Innov

OTC:SCTH

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SCTH Stock Data

100.59M
1.42M
Auto Parts
Consumer Cyclical
Link
United States
Roseville