secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL UTILITIES VENTURES,INC. (—)
CIK:        0001253965
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001017386-24-000153
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Utilities Ventures acquires 51% of Feed Earth Now in stock deal, restructures $337k debt
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- Acquired 51% majority interest in Feed Earth Now, LLC for 100M common shares and 140M Class C Preferred (1:1 convertible, 10:1 voting).
- Restructured $337k debt into a 5% promissory note with 6-month maturity and $5k monthly payments.
- Ongoing royalty of 20% of Easy FEN equipment sales; half applied to note principal/interest until repaid.
- Transaction effective March 31, 2024; consummated May 14, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000153/0001017386-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253965/000101738624000153/dutv_2024may14-8k.htm
  HTML page:      https://secwatch.observer/filing/0001017386-24-000153

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