FinTrade Sherpa, Inc. 8-K

What Happened FinTrade Sherpa, Inc. (FTSP) announced on April 14, 2026 that it entered into an Interim Promissory Note with Lode Star Gold, Inc. (the Lender) dated April 8, 2026. Under the agreement the Lender provided periodic interim financing (aggregate principal of $74,811.50 as of March 30, 2026 plus ongoing advances) and FTSP granted the Lender a security interest in certain intellectual property assets tied to its Alpha‑Optimus project (trademarks, copyrights, patents, trade secrets, software and related goodwill). The indebtedness bears a retroactive daily‑compounding interest rate of 0.0411% (15.0015% per annum) and matures on March 31, 2028.

Key Details

• Lender: Lode Star Gold, Inc., identified in the filing as the company’s largest shareholder and largest current liability debt holder.
• Principal amount: $74,811.50 as of March 30, 2026, plus additional amounts advanced after that date.
• Interest: 0.0411% daily compounded (15.0015% per year); payments are applied first to accrued interest, then to principal.
• Security perfection: a UCC‑1 Financing Statement covering the described IP Collateral was filed with the Texas Secretary of State on April 1, 2026.

Why It Matters This filing creates a new secured, direct financial obligation on FTSP’s balance sheet and places a lien on the company’s Alpha‑Optimus intellectual property. For investors, that means the company’s key IP is encumbered by a creditor that is also its largest shareholder and debt holder, and FTSP will incur relatively high interest expense (15% annual rate) until the note matures in March 2028. The filing could affect FTSP’s flexibility to use the same IP as collateral in other financings and will increase secured indebtedness disclosures in future reports.