secwatch.observer — SEC 8-K summary
======================================

Issuer:     DIGITAL UTILITIES VENTURES,INC. (—)
CIK:        0001253965
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001017386-24-000093
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Utilities Ventures acquires majority stake in Easy Energy Systems; issues billions of shares, restructures debt
--------------------------------------------------------------------------------

- Acquired majority interest in Easy Energy Systems Technologies (EEST) and Easy Modular Manufacturing (EMM) effective March 31, 2024.
- Issued 3.763 billion common shares and 4.77 billion Class C Preferred shares to sellers and for debt cancellation.
- Controlling shareholder Dakota Max LLC canceled 2.28 billion shares (100%); another holder canceled 140 million shares (50%).
- Restructured debt over $4.1M: removed conversion rights, reduced interest rates from 18%/8% to 5% per annum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000093/0001017386-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000093/dutv_2024apr16-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-24-000093

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