Circle8 Group Inc.: default notices and Article 9 sale notice

What happened

• The filing reports that Lyneer Staffing Solutions, LLC, a Circle8 Group Inc. subsidiary, "received notice of default" from Employers Personnel, LLC alleging default of payment obligations under its service agreement and that the PEO "reserved the PEO’s rights" under the agreement. Lyneer is "in discussions with the PEO" to resolve the alleged default.
• By letter dated Oct 14, 2026, SPP Credit Advisors, LLC notified the company and the Lyneer subsidiaries that "certain events of default have occurred" under the Amended and Restated Loan Agreement dated Apr 29, 2025 and provided notice to the company of default under the Bridge Loan Agreement dated Jun 18, 2024; SPP asserted cross Events of Default related to the PEO notice, confirmed the Agent and SPP "have not waived the specified Events of Default," and reserved all rights and remedies. The company is reviewing these matters, noting the Settlement Agreement dated Aug 7, 2026, and is in discussions with SPP; SPP has taken no further action at this time.
• On Oct 15, 2026, North Mill Capital LLC d/b/a SLR Business Credit notified the Lyneer subsidiaries of its intent to "conduct a sale of substantially all assets" of Lyneer Staffing Solutions, LLC under Article 9 of the Uniform Commercial Code on or after Oct 27, 2026; the company "disputes the validity" of that notice and has responded.

Key details

• Employers Personnel, LLC issued a notice alleging default of payment obligations to Lyneer Staffing Solutions, LLC (no date specified for that notice in the filing).
• SPP Credit Advisors, LLC letter dated Oct 14, 2026 cites events of default under the Amended and Restated Loan Agreement dated Apr 29, 2025 and the Bridge Loan Agreement dated Jun 18, 2024 and asserts cross Events of Default.
• The company references a Settlement Agreement dated Aug 7, 2026 and states it is reviewing the purported defaults and negotiating with counterparties; SPP has not taken further action as of the filing.
• North Mill Capital LLC d/b/a SLR Business Credit sent an Article 9 sale notice on Oct 15, 2026, with a planned sale on or after Oct 27, 2026; the company disputes the notice.

Why it may matter

• The filing reports Item 2.04: "Triggering events that accelerate or increase a direct financial obligation," which covers the default notices under the service agreement, the financing and bridge loan agreements, and the Article 9 asset sale notice. A filing does not show why the insider traded or why the company acted.