LFTD Partners Inc.: sells 5511 Building, repays $841,109.63 loan

What happened

• LFTD Partners Inc. reported in a Form 8-K filed Oct 1, 2026 that on Sep 29, 2026, in connection with the closing of the sale of the 5511 Building, the company and its wholly owned subsidiary Lifted Liquids, Inc. repaid in full all amounts outstanding under a $910,000 loan made Dec 14, 2023 by Surety Bank of DeLand, Florida.
• The filing says the payoff amount was $841,109.63, representing all outstanding principal and accrued interest on the Building Loan, and a $9,100 prepayment penalty, and that the Building Loan was satisfied in full and terminated and Surety Bank’s first priority mortgage on the 5511 Building was released. The filing says the company has no remaining bank debt outstanding.

Key details

• Original loan: $910,000 made Dec 14, 2023; fixed interest rate of 10% per annum; scheduled to mature Dec 2028; secured by a first priority mortgage on the 5511 Building.
• Payoff and fees: payoff amount of $841,109.63 and a $9,100 prepayment penalty, paid at closing from sale proceeds.
• Loan status and collateral: upon payment the Building Loan was satisfied in full, terminated, and Surety Bank’s first priority mortgage on the 5511 Building was released.
• Other disclosure: the company expects to issue a press release on Oct 1, 2026 (furnished as Exhibit 99.1) and the filing contains a cautionary note that it includes forward-looking statements about anticipated use of proceeds, consolidation of operations, and accounting treatment and financial statement impact.

Why it may matter

• The Form 8-K reports Item 1.02 (termination of a material definitive agreement) and Item 2.01 (completion of acquisition or disposition of assets). Item 1.02 covers the termination and payoff of the Building Loan and release of the mortgage. Item 2.01 covers the repayment made in connection with the sale of the 5511 Building.
• A filing does not show why the insider traded or why the company acted.