secwatch.observer — SEC 8-K summary
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Issuer:     SusGlobal Energy Corp. (SNRG)
CIK:        0001652539
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001062993-21-010528
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SusGlobal Energy issues $1.5M convertible notes with 30% discount to future IPO price
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- Aggregate principal of $1,765,120 includes $265,120 original issue discount; net proceeds $1.5M.
- Notes convertible at 70% of per-share price in a future public offering (Liquidity Event).
- Maturity date is July 28, 2022, or earlier upon a Liquidity Event; prepayable at 20% premium.
- Spartan Capital Securities earned $70,000 as placement agent.
- Consulting agreements with investor-related parties: $50,000 cash and 72,500 restricted shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652539/000106299321010528/0001062993-21-010528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652539/000106299321010528/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-21-010528

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