Filing Analysis
Yale Transaction Finders, Inc. issued $20,000 in convertible promissory notes to entities affiliated with the CEO and President to fund working capital. The notes include conversion rights into common stock triggered by a 'Qualified Financing' or 'Fundamental Transaction'.
🚩 Red Flags
- Related-party transaction: Two of the three noteholders are affiliates of the CEO and President.
- Potential dilution: Convertible notes allow holders to convert debt into equity, potentially diluting existing shareholders.
- Micro-cap liquidity signal: The small principal amount ($20,000) suggests significant working capital constraints.
📋 Key Facts
- Issued $20,000 in convertible promissory notes on November 11, 2025.
- Maturity date is December 31, 2026.
- Interest rate is 5.0% per annum, payable at maturity.
- Notes are convertible into common stock upon a 'Qualified Financing' or 'Fundamental Transaction'.
- Proceeds are intended for working capital needs.
Yale Transaction Finders, Inc. issued $17,500 in convertible promissory notes to entities affiliated with the CEO and President to fund working capital. The notes feature conversion rights triggered by a 'Qualified Financing' or 'Fundamental Transaction'.
🚩 Red Flags
- Related-party transactions: Two of the three noteholders are affiliates of key executives (CEO and President).
- Potential dilution: Convertible notes allow insiders to convert debt into equity upon specific triggers.
- Liquidity signal: The use of proceeds for 'working capital needs' in a micro-cap can indicate tight cash constraints.
📋 Key Facts
- Issued $17,500 in convertible promissory notes (May 2025 Notes) on May 2, 2025.
- Noteholders include Ironbound Partners Fund, LLC (affiliate of CEO), Moyo Partners, LLC (affiliate of President/Treasurer), and Dakota Group, LLC.
- Maturity date is December 31, 2025.
- Interest rate is 5.0% per annum, payable at maturity.
- Notes are convertible into common stock upon a 'Qualified Financing' or 'Fundamental Transaction'.
- Proceeds are designated for working capital needs.
Yale Transaction Finders, Inc. issued $15,000 in convertible promissory notes to entities affiliated with the CEO and President to fund working capital. The notes include conversion rights into common stock upon a qualified financing or fundamental transaction.
🚩 Red Flags
- Related-party transaction: Two of the three noteholders are affiliates of the CEO and President.
- Potential dilution: The notes are convertible into common stock, which may dilute existing shareholders upon conversion.
- Micro-cap liquidity signal: The extremely small principal amount ($15,000) suggests significant working capital constraints for a public company.
📋 Key Facts
- Issued $15,000 in aggregate principal amount of convertible promissory notes on November 5, 2024.
- Maturity date is December 31, 2025.
- Interest rate is 5.0% per annum, payable at maturity.
- Notes are convertible into common stock upon a 'Qualified Financing' or 'Fundamental Transaction'.
- Proceeds are designated for working capital needs.
Yale Transaction Finders, Inc. issued $23,500 in convertible promissory notes to fund working capital needs. The notes are issued to entities affiliated with the CEO and President, creating significant related-party debt obligations.
🚩 Red Flags
- Related-party transactions: Two of the three noteholders are affiliates of the CEO and President.
- Short-term debt obligation: Notes mature in less than 9 months (Dec 31, 2024).
- Potential dilution: Convertible notes allow holders to convert into common stock upon specific triggers.
📋 Key Facts
- Issued $23,500 in convertible promissory notes (April 2024 Notes) on April 25, 2024.
- Maturity date is December 31, 2024.
- Interest rate of 5.0% per annum, payable at maturity.
- Notes are convertible into common stock upon a 'Qualified Financing' or 'Fundamental Transaction'.
- Proceeds intended for working capital needs.