8-K - Global Asset Management Group I | StockGist

AI Analysis

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Global Asset Management Group, Inc. completed agreements on March 18, 2026, establishing a strategic financing relationship with Leonite Fund I, LP, providing access to a $10 million senior secured convertible note facility funded in tranches for real estate acquisitions and working capital. The structure includes OID, variable interest, conversion rights, and warrants, enhancing institutional capital access and growth flexibility.

Key Takeaways

1Entered Senior Secured Convertible Promissory Note and Securities Purchase Agreement with Leonite Fund I, LP on March 17, 2026

2Principal amount up to $10,810,810 with $10,000,000 purchase price and $810,810 OID

3First tranche minimum $75,000 from which Holder retains $15,000 for legal fees

4Interest rate greater of Prime Rate + 5.25% or 12% per annum, accruing daily

5Maturity 12 months per tranche, not later than 24 months after March 17, 2026 or upon Registered Public Offering

6Issued 20,000 common shares and warrants for 100,000 common shares (50,000 per tranche milestones)

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

Other Events. Global Asset Management Group, Inc. (OTC: GAMG) Establishes Strategic Financing Relationship On March 18, 2026, the Company completed a series of

Other Event

$10.0M

9.01

Financial Statements and Exhibits. (d) Exhibits. Exhibit 10.1 Senior Secured Promissory Note Agreement Exhibit 10.2 Securities Purchase Agreement Exhibit 10.3 C

Exhibits Only

Transaction Details

Material Agreement

Parties: Global Asset Management Group, Inc., Bella Rio Marketing Agency, Inc., DC Rental Portfolio Corp., Leonite Fund I, LP

•Senior secured convertible promissory note facility
•Funded in tranches at Holder's discretion
•Prepayment at 102% of outstanding amounts after 5 days notice
•Senior secured with first priority over indebtedness
•Security and Pledge Agreement securing obligations

Debt / Financing

Instrument: Senior Secured Convertible Promissory Note
Principal: $10,810,810
Rate: greater of Prime Rate + 5.25% or 12% per annum
Maturity: 12 months from each tranche advance, not later than 24 months after March 17, 2026 or upon Registered Public Offering
Use of Proceeds: Equity for income-producing multifamily real estate acquisitions and general working capital

Exhibits (4)

10.1

CONVERTIBLE PROMISSORY NOTE

10.2

SECURITIES PURCHASE AGREEMENT

10.3

COMMON SHARE PURCHASE WARRANT

8-K

FORM 8-K