Smart Powerr Corp. raises $1M in secured debt, with up to $10M more available

Filed April 16, 2026 · Period ending April 10, 2026 · ~1 min read

Key Changes

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  Company received $1M cash by issuing $1.05M secured note (8% interest, 24-month term) with $50K discount and $15K in fees. Lender can demand monthly redemptions of up to $200K starting in six months.

  Item 1.01 verify on EDGAR →
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  Penalty provisions allow lender to increase debt balance by up to 25% total if trigger events occur (15% per major event, 5% per minor, capped at three each). Uncured triggers become defaults, accelerating debt and raising interest to 18%.

  Item 1.01 verify on EDGAR →
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  Agreement includes commitment for up to $9M in additional financing through two more notes (A-2 for $1M, B Note for $8M), subject to conditions. The $8M would be held in controlled account at subsidiary CREG Holdings LLC.

  Item 1.01 verify on EDGAR →