secwatch.observer — SEC 8-K summary
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Issuer:     Sow Good Inc. (SOWG)
CIK:        0001490161
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000950170-24-045722
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sow Good reduces debt by $5.2M via warrant exercise; issues 2.19M shares
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- Issued 2,186,250 shares of common stock on exercise of warrants with exercise prices $2.21-$2.60.
- Debt reduced by $5,200,362.50 and accrued interest reduced by $98,750.
- Partial prepayment of principal via amendments to promissory notes; some notes fully repaid.
- Loss on debt extinguishment from fully repaid notes to be reflected in Q2 2024 financials.
- Warrants originally issued Dec 2021-May 2023; no terms of warrants were amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490161/000095017024045722/0000950170-24-045722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490161/000095017024045722/sowg-20240415.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045722

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer