Financing ·
APPlife Digital Solutions issues $60K convertible note at a discount to raise net proceeds of $46,720
ALDSAPPlife Digital Solutions Inc
On October 22, 2026, APPlife Digital Solutions entered into a Securities Purchase Agreement with 104, LLC and issued a convertible promissory note in the principal amount of $60,000 for a purchase price of $54,000. The transaction closed on October 26, 2026, after the investor withheld legal fees and broker-dealer payments, leaving net proceeds of $46,720 to be used for business development and working capital. The note carries a one-time interest charge of 12% ($7,200) earned on issuance and matures on October 22, 2027. Conversion is permitted at 65% of the lowest traded price over the preceding 20 trading days, subject to volume-based reductions to 50%. The company has reserved 1,750,000 shares for conversion and filed a preliminary information statement to increase authorized common stock from 20 million to 990 million shares. APPlife Digital Solutions operates in the digital solutions industry.