secwatch.observer — SEC 8-K summary
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Issuer:     Securetech Innovations, Inc. (SCTH)
CIK:        0001703157
Form:       8-K
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0001017386-25-000120
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SecureTech Innovations issues $150K convertible note to CFI Capital with 6% interest, 60% discount conversion
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- Principal $150,000; net proceeds $135,000 after $15,000 OID; due Sept 18, 2026.
- Conversion after 6 months at 60% of lowest 15-day trading price prior to conversion.
- Interest 6% payable in common stock at holder's option; default triggers 45% conversion discount.
- Prepayment penalties range 110%-140% of principal plus accrued interest; default triggers include SEC filing delinquency and loss of bid price.
- Issuer must reserve 335,121 shares for conversion, maintain 5x coverage, and cannot be a shell issuer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703157/000101738625000120/0001017386-25-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703157/000101738625000120/scth_form8k09182025.htm
  HTML page:      https://secwatch.observer/filing/0001017386-25-000120

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