Tofla Megaline Inc. 8-K

What Happened
Tofla Megaline, Inc. filed an 8-K disclosing that on December 26, 2025 it received a Default Notice related to convertible promissory notes issued January 17, 2025 that matured March 31, 2025. The filing states no repayments satisfied the obligations, constituting an Event of Default under Section 3.1 of the Notes. The principal amount at issue is $524,000; after a previously reported $85,000 partial payment (Nov 7, 2025), the lenders claim a 150% Default Amount Due of $863,497.40. The Default Notice reinstates prior default notices that had been rescinded and begins a five (5) business day cure period (notice dated Dec 26, 2025) that the filing states ends on January 5, 2026.

Key Details

• Notes issued: January 17, 2025; maturity: March 31, 2025.
• Principal claimed due: $524,000; claimed Default Amount (150% as of Dec 26, 2025): $863,497.40 (after $85,000 partial payment).
• Cure period: five business days starting Dec 26, 2025 (stated deadline Jan 5, 2026).
• Remedies lenders may seek: acceleration of the Notes, enforcement of collateral related to “The Boundary” property (1389, 1401, 1409 Peachtree St NE, Atlanta, GA), conversion rights, collection actions, and recovery of attorneys’ fees and costs.

Why It Matters
This filing signals an immediate financing and legal risk: if Tofla does not remit full payment within the stated cure period, lenders are entitled under the Notes to accelerate the debt and pursue enforcement actions that could affect company assets or capital structure (including collateral enforcement or conversion). For investors, the event may have near-term liquidity implications, potential legal costs, and possible impacts on equity dilution or property interests depending on future actions by the noteholders. The 8-K reports facts and claimed amounts but does not disclose any negotiated resolution as of the filing.