secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL UTILITIES VENTURES,INC. (—)
CIK:        0001253965
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001017386-24-000102
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Utilities Ventures acquires majority of Easy Energy Systems entities in share-based deal; massive dilution
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- Issued 3.763B common shares to acquire majority interest in EEST and EMM; also authorizes 5B Class C Preferred shares with 10:1 voting rights.
- Dakota Max LLC cancelled 2.28B common shares (100% of its stake); Inna Sheveleva cancelled 140M shares (50% of her stake).
- Debt over $4.1M restructured: conversion rights removed, interest rates reduced from 18%/8% to 5% per annum.
- Acquisition effective March 31, 2024; consummated April 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000102/0001017386-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000102/dutv_2024apr15-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-24-000102

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