Company: LIFD
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001096906-25-000425
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Company: LFTD PARTNERS INC.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On April 3, 2025, LFTD Partners Inc., a Nevada corporation (the “ Company”) orally entered into an interest-free loan agreement with an affiliate of the Company’s Chief Executive Officer and Chief Financial Officer. The purpose of the loan is to provide short-term working capital to address cash flow needs resulting from a recent cybersecurity theft involving the Company’s digital assets. The loan is unsecured, does not bear interest, and is repayable upon demand. The Company intends to draw down $350,000 under the arrangement.

The affiliate of the Company’s CEO and CFO that is providing the loan is Beachin Company, a Florida corporation, which is controlled by Gerard M. Jacobs and William C. Jacobs. The entry into the loan agreement has been orally approved by the Company's lead independent director.

Item 8.01. Other Events.