Yale Transaction Finders, Inc. 8-K

What Happened
Yale Transaction Finders, Inc. (YTFD) announced on May 18, 2026 that it issued convertible promissory notes (the "May 2026 Notes") totaling $17,500 to three entities: Ironbound Partners Fund, LLC (an affiliate of the CEO), Moyo Partners, LLC (an affiliate of the President and Treasurer), and Dakota Group, LLC. The notes mature on December 31, 2026, bear interest at 5.0% per annum payable at maturity, and the principal and accrued interest are convertible at the holders’ election into common stock following a "Qualified Financing" or upon a "Fundamental Transaction" at the stated Conversion Price. The company said proceeds will be used for working capital. A form of the note is filed as Exhibit 4.1 to the 8‑K.

Key Details

• Amount issued: $17,500 aggregate principal.
• Date issued: May 18, 2026; Maturity: December 31, 2026.
• Interest: 5.0% per annum, payable at maturity.
• Conversion features & parties: Principal and interest convertible into common stock upon a Qualified Financing or Fundamental Transaction; holders include affiliates of the CEO and President/Treasurer (related‑party).

Why It Matters
This is a short‑term financing move to support working capital needs rather than a large capital raise. The convertible feature means the debt could become equity in certain events, which could dilute existing shareholders if conversion occurs. Because some notes were issued to affiliates of management, investors should note the related‑party nature of part of the financing—this is disclosed but may warrant attention when assessing governance and future dilution.