1-U 1 form1-u.htm

 

 

 

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 Property Bonds 2, Inc.

(Exact name of issuer as specified in its charter)

 

92-2292464

(I.R.S. Employer Identification Number)

 

11175 Cicero Drive, Suite 100, Alpharetta, Georgia 30022

(Full mailing address of principal executive office)

 

(678) 646-6791

(Issuer’s telephone number, including area code)

 

 

 

 

 

 

Item 3(a). Material Modification to Rights of Securityholders

 

In November 2023, Worthy Property Bonds 2, 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 Property Bonds, Inc.
 
March 27, 2024 By: /s/ Dara Albright
    Dara Albright
    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/ Dara Albright
    Dara Albright
    President and Chief Executive Officer

 

March 27, 2024 By: /s/ Sally Outlaw
    Sally Outlaw
    Director
     
March 27, 2024 By: /s/ Alan Jacobs
    Alan Jacobs
    Treasurer (Chief Financial Officer), Secretary and Director
     
March 27, 2024 By: /s/ Richard Alterman
    Richard Alterman
    Chief Operating Officer and Vice President