Data443 Risk Mitigation, Inc. (ATDS): Entry into a Material Definitive Agreement
Data443 Risk Mitigation, Inc. (ATDS) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 Data443 Financial Service Agreement July 16, 2026 The Parties Party A: Data443 Risk Mitigation Inc. , a company incorporated under the laws of the United States, whose registered address is at 4000 Sancar Way, Suite 420, Research Triangle
How this was made
The 30-second read
Why it matters
The agreement sets (1) equity success fees (additional shares), (2) a $1.0 million promissory note payable after deal close, (3) 15% default interest, and (4) a default conversion right into PubCo ordinary shares with a conversion floor and issuance cap. It also includes a CEO-linked Class B Preferred issuance with super-voting rights that expire after 36 months unless extended.
Market read
This is a capital-structure and deal-execution disclosure that can affect expectations for dilution, financing risk, and governance control in the eventual PubCo.
What to watch
Key economics depend on the eventual PubCo share price at conversion (VWAP-based), the issuance cap (19.99%), and whether the promissory note is repaid within the stated window.
Background
The 8-K (Item 1.01 and 2.03) documents ATDS’s entry into a financial service agreement with Margaret Z. Holdings Limited for a U.S. De-SPAC-related project.
Ticker impact
ATDS disclosed an 8-K entry into a material definitive financial service agreement tied to a U.S. De-SPAC project, including cash and equity success fees.
Near-term volatility possible as investors price in dilution risk and contingent financing terms; direction depends on perceived deal progress and trust/listing milestones.
The filing is a primary SEC disclosure with specific fee, promissory note, default interest, and conversion floor/cap terms, which can affect capital structure expectations even without deal-close confirmation.
Market effects
Adds another example of De-SPAC advisory structures using success fees, promissory notes, and equity conversion caps, relevant to SPAC/De-SPAC capital-structure risk modeling.
Mentions fundraising focus on Asia, which may matter for investor sentiment around cross-region capital sourcing.
Limited beyond De-SPAC financing practices; no direct macro or sector-wide regulatory action disclosed.
Counterpoint
The terms may be largely contingent on deal close and continued listing/revenue/cash thresholds, so the immediate dilution risk could be overstated if milestones are likely.
Key entities
- issuerData443 Risk Mitigation, Inc.
Subject of the 8-K, entering the material definitive financial service agreement and issuing obligations under the promissory note and related equity terms.
- financial_advisorMargaret Z. Holdings Limited
Financial advisor under the agreement, entitled to success fees and potential conversion of default amounts into PubCo shares.
- executiveJason Remillard
CEO referenced as receiving 3,000,000 Class B Preferred Shares with super-voting rights convertible into Class A common stock.
