secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL UTILITIES VENTURES,INC. (—)
CIK:        0001253965
Form:       8-K/A
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001017386-24-000100
Event type: m_and_a
Sentiment:  negative
Materiality: 0.85
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Utilities Ventures acquires majority stake in Easy Energy Systems and Easy Modular Mfg; issues 3.76B shares
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- Acquired majority interest in Easy Energy Systems Technologies, LLC and Easy Modular Manufacturing, Inc. effective March 31, 2024.
- Issued 3,763,000,000 common shares and authorized 5,000,000,000 Class C Preferred shares with 10:1 voting preference.
- Dakota Max, LLC canceled 2,280,584,037 common shares; Inna Sheveleva canceled 140,016,912 shares as part of deal.
- Restructured over $4.1M debt, removing conversion rights and reducing interest rates from 18%/8% to 5% per annum.
- Control of company transferred from Dakota Max to new entities through stock issuance and cancellation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000100/0001017386-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000100/dutv_2024apr16-8ka.htm
  HTML page:      https://secwatch.observer/filing/0001017386-24-000100

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