secwatch.observer — SEC 8-K summary
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Issuer:     Sow Good Inc. (SOWG)
CIK:        0001490161
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-061233
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 1.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sow Good exchanges $2.7M in promissory notes for $2.8M senior convertible notes due 2030
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- Exchanged $2.7M aggregate principal of outstanding promissory notes for $2.8M in new senior convertible notes including accrued interest.
- New notes mature April 30, 2030; interest payable semiannually (PIK option allows interest to be added to principal).
- Notes convertible into common stock at $0.62-$0.63 per share; senior secured by all company assets.
- Maturity of old notes ranged from Apr to Aug 2025; exchange approved by disinterested board and audit committee.
- Company may redeem notes at any time with 10 days' notice; conversion subject to Nasdaq Exchange Cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490161/000095017025061233/0000950170-25-061233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490161/000095017025061233/sowg-20250428.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061233

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