CDIX 8-K
Cardiff Lexington Corp (CDIX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item 8.01 | Other Events. |
As previously disclosed, Cardiff Lexington Corporation (the “Company”) issued two convertible promissory notes to PowerUp Lending Group, Ltd. (the “Lender”) on February 9, 2021 and April 26, 2021 (collectively, the “Notes”). As of September 30, 2023, the outstanding principal balance of the Notes was $18,540 and $168,866, respectively. On November 8, 2023, the parties agreed to a settlement of the Notes, pursuant to which the Company agreed to pay the Lender $175,000 in complete and full settlement of the Notes. The Company made such payment on November 8, 2023, and the Lender confirmed in writing that each of the Notes has been repaid in full and that the Company does not have any further obligations to the Lender.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 16, 2023 | CARDIFF LEXINGTON CORPORATION |
| /s/ Alex Cunningham | |
| Name: Alex Cunningham | |
| Title: Chief Executive Officer |
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