FullPAC, Inc.: Enters $250,000 Stripe Capital loan; repays $300,000 note

What happened

• The filing reports that on Oct 20, 2026 RoboCent, Inc., a wholly owned subsidiary of FullPAC, Inc., entered into a fifth Loan Agreement with Stripe Servicing, Inc. and Lead Bank under the Stripe Capital Program for $250,000. The Fifth Stripe Capital Loan was funded on Oct 20, 2026 with a fixed fee of $34,250, for a total repayment amount of $284,250.
• The filing reports that on Oct 21, 2026 the company repaid in full the $300,000 principal amount of the secured promissory note it issued on Sep 15, 2026 to SEG Opportunity Fund, LLC. The repayment was funded with a portion of the net proceeds of the Fifth Stripe Capital Loan and cash generated from operations.

Key details

• The Fifth Stripe Capital Loan is secured by RoboCent’s Stripe receivables, its Stripe account and funds, accounts, chattel paper, instruments, payment intangibles, inventory, equipment and proceeds.
• Repayment is by withholding 11.8% of client payments processed through Stripe beginning Oct 27, 2026, subject to minimum payments of $31,583.34 every 60 days, with any remaining balance due no later than Apr 19, 2028.
• The remaining balance of the Fourth Stripe Capital Loan, $88,759, was refinanced into the Fifth Stripe Capital Loan on Oct 20, 2026, resulting in net cash proceeds to RoboCent of approximately $161,241. The Fourth Stripe Capital Loan was retired in full.
• The SEG Note was issued for a purchase price of $250,000 on Sep 15, 2026, reflecting an original issue discount of $50,000, bore no interest and was scheduled to mature on Oct 15, 2026.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement for the Fifth Stripe Capital Loan), Item 2.03 (creation of a direct financial obligation), and Item 8.01 (repayment in full of the SEG Note).
• The filing does not show why the insider traded or why the company acted.