Yale Transaction Finders issues $17,500 convertible notes
Yale Transaction Finders, Inc. entered into new short-term financing by issuing convertible promissory notes with an aggregate principal amount of $17,500 on May 18, 2026.
Rhea-AI Filing Summary
Yale Transaction Finders, Inc. entered into new short-term financing by issuing convertible promissory notes with an aggregate principal amount of $17,500 on May 18, 2026. The notes were sold to Ironbound Partners Fund, LLC and Moyo Partners, LLC, which are affiliated with the Company’s Chief Executive Officer and its President/Treasurer, and to Dakota Group, LLC.
The notes bear interest at 5.0% per year, mature on December 31, 2026, and both principal and accrued interest may be converted at the holders’ election into common stock after a defined “Qualified Financing” or upon a “Fundamental Transaction” at a specified conversion price. The Company is using the proceeds to fund working capital.
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8-K Event Classification
2 items: 2.03, 9.01
2 items
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, or exhibit attachments filed with this report.
Key Figures
Convertible note principal: $17,500
Interest rate: 5.0% per annum
Maturity date: December 31, 2026
+1 more
4 metrics
Convertible note principal
$17,500
Aggregate principal amount of May 2026 Notes
Interest rate
5.0% per annum
Annual interest on May 2026 Notes
Maturity date
December 31, 2026
Maturity of May 2026 Notes
Issuance date
May 18, 2026
Date notes were issued
Key Terms
convertible promissory notes, Qualified Financing, Fundamental Transaction, Conversion Price, +1 more
5 terms
convertible promissory notes financial
"the Company issued convertible promissory notes (the “May 2026 Notes”)"
A convertible promissory note is a loan a company takes that can later be turned into shares instead of being paid back in cash; think of lending money now in exchange for a voucher that can become ownership later. Investors care because it mixes credit risk and potential ownership upside—it can protect lenders if a company struggles while also diluting existing shareholders when converted, affecting future share value and investor returns.
Qualified Financing financial
"following the consummation of a “Qualified Financing” (as defined in the May 2026 Notes)"
Fundamental Transaction financial
"or upon the consummation of a “Fundamental Transaction” (as defined in the May 2026 Notes)"
Conversion Price financial
"at the “Conversion Price” (as defined in the May 2026 Notes)"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
working capital financial
"utilized by the Company to fund working capital needs"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Yale Transaction Finders (YTFD) disclose in this 8-K?
Yale Transaction Finders, Inc. disclosed that it issued new convertible promissory notes with an aggregate principal amount of $17,500 on May 18, 2026. These notes create a direct financial obligation and can convert into common stock under specific future events.
How much debt did YTFD raise and on what terms?
The company raised $17,500 through convertible promissory notes bearing 5.0% annual interest and maturing on December 31, 2026. Principal and accrued interest may be converted into common stock after a “Qualified Financing” or upon a “Fundamental Transaction.”
Who purchased the May 2026 Notes from Yale Transaction Finders (YTFD)?
The May 2026 Notes were purchased by Ironbound Partners Fund, LLC, Moyo Partners, LLC, and Dakota Group, LLC. Ironbound and Moyo are affiliates of the company’s Chief Executive Officer and its President/Treasurer, respectively, indicating related-party participation in this financing.
What can trigger conversion of YTFD’s May 2026 Notes into stock?
Conversion is at the holders’ election following a defined “Qualified Financing” or upon a “Fundamental Transaction”, at a specified “Conversion Price.” Both principal and accrued interest may be converted into shares of common stock when these conditions are met.
How will Yale Transaction Finders (YTFD) use the note proceeds?
The company stated that proceeds from the May 2026 convertible notes have been and will be used to fund its working capital needs. Working capital generally supports day-to-day operations, such as paying vendors, employees, and other short-term obligations.
Where can investors see the full terms of YTFD’s May 2026 Notes?
A form of the May 2026 convertible promissory note is filed as Exhibit 4.1 to this report. The company incorporates this exhibit by reference, so investors can review detailed definitions and mechanics directly in that attached document.
AI-generated analysis. How Rhea-AI works. Not financial advice.
