SinglePoint Inc., a company based in Phoenix, Arizona, has reported the issuance of two promissory notes to 1800 Diagonal Lending LLC, an accredited investor, as detailed in a Form 8-K filed with the SEC. The agreements, effective as of February 27, 2024, include a $156,000 note with a $26,000 original issue discount and a $163,585 note with an $18,819.66 original issue discount, both providing net proceeds of $125,000 to SinglePoint. The notes, maturing on November 30, 2024, carry annual interest rates of 15% and 12%, respectively, with a one-time interest charge applied at issuance. SinglePoint retains the right to prepay the notes without penalty and has not secured them with any collateral. In case of default, the lender has the option to convert the outstanding principal into SinglePoint common stock at a discounted rate. The issuance of these notes was made under an exemption from registration requirements according to Section 4(a)(2) of the Securities Act of 1933.

SinglePoint Inc., a company based in Phoenix, Arizona, has reported the issuance of two promissory notes to 1800 Diagonal Lending LLC, an accredited investor, as detailed in a Form 8-K filed with the SEC. The agreements, effective as of February 27, 2024, include a $156,000 note with a $26,000 original issue discount and a $163,585 note with an $18,819.66 original issue discount, both providing net proceeds of $125,000 to SinglePoint. The notes, maturing on November 30, 2024, carry annual interest rates of 15% and 12%, respectively, with a one-time interest charge applied at issuance. SinglePoint retains the right to prepay the notes without penalty and has not secured them with any collateral. In case of default, the lender has the option to convert the outstanding principal into SinglePoint common stock at a discounted rate. The issuance of these notes was made under an exemption from registration requirements according to Section 4(a)(2) of the Securities Act of 1933.