UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
CURRENT REPORT PURSUANT TO REGULATION A
Date of report: March 26, 2024
Worthy Community Bonds, Inc.
(Exact name of issuer as specified in its charter)
85-1714241
(I.R.S. Employer Identification Number)
One Boca Commerce Center, 551 NW 77th Street, Suite 212, Boca Raton, FL 33487
(Full mailing address of principal executive office)
(561) 288-8467
(Issuer’s telephone number, including area code)
Item 3(a). | Material Modification to Rights of Securityholders |
In November 2023, Worthy Community Bonds, Inc. (the “Company”) approved an increase to the interest rate of its bonds from 6% APY to 7% APY for the twelve month period from November 13, 2023 to November 12, 2024. The Company has recently approved an extension of the 7% APY interest rate until January 1, 2026, at which time the interest rate shall automatically revert back to 6% APY.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this Form 1-U to be signed on its behalf by the undersigned, thereunto duly organized.
Worthy Community Bonds, Inc. | ||
March 27, 2024 | By: | /s/ Sally Outlaw |
Sally Outlaw | ||
Chief Executive Officer, principal executive officer |
Pursuant to the requirements of Regulation A, this Form 1-U has been signed by the following persons in the capacities and on the date indicated.
March 27, 2024 | By: | /s/ Sally Outlaw |
Sally Outlaw | ||
Director, Chief Executive Officer, principal executive officer |
March 27, 2024 | By: | /s/ Alan Jacobs |
Alan Jacobs | ||
Director, Executive Vice President and Chief Operating Officer, principal financial and accounting officer |