Company: AGSS
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001829126-25-001477
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Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 1.02
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Item 1.02 Termination of a Material Definitive Agreement.

As previously disclosed in that certain Current Report on Form 8-K filed as of January 16, 2024 (the “ Prior Form 8-K”), on December 18, 2023, Ameriguard Security Services Inc. (“ AGSS”) entered into a revenue purchase agreement with Velocity Capital Group LLC (“ VCG”), pursuant to which AGSS received $412,500 from VCG, for a purchase amount of $565,125. The purchased interest percentage was 8.48%. AGSS committed to paying VCG $17,660 weekly.

Further, as disclosed in the Prior Form 8-K, on December 20, 2023, AGSS entered into a standard merchant cash advance agreement with TVT CAP (“ TVT”), pursuant to which AGSS received $736,000 from TVT, for a purchase price of $800,000 and a purchased receivables amount of $1,199,200. The purchased interest percentage was 14.87%. AGSS committed to paying VCG $49,966.67 weekly.

Finally, as disclosed in the Prior Form 8-K, on January 2, 2024, AGSS entered into a standard merchant cash advance agreement with Cedar Advance LLC (“ Cedar”), pursuant to which AGSS received $504,000 from Cedar, for a purchase price of $525,000 and a purchased receivables amount of $719,250. The purchased interest percentage was 12%. AGSS committed to paying VCG $22,476.56 weekly.

As of February 28, 2025, AGSS has cancelled, settled or otherwise terminated each of the aforementioned agreements in this Item 1.02 to this Current Report on Form 8-K with each of the counterparties thereto in accordance with the respective terms and conditions of each of such agreements. AGSS undertook such actions as part of its periodic review of outstanding financing arrangements with third parties in furtherance of meeting the ongoing capital requirements of its business.

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.

March 5, 2025

  Ameriguard Security Services Inc.                                             
                                         /s/ Lawrence Garcia                    
  By:                                    Lawrence Garcia                        
  Title:                                 President and Chief Executive Officer