---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-21-012448"
form_type: "8-K"
ticker: "SNRG"
cik: "0001652539"
company_name: "SusGlobal Energy Corp."
filed_at: "2021-12-08T23:59:59+00:00"
generated_at: "2026-06-28T02:50:33.260072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SusGlobal Energy issues $350K convertible note to AJB Capital for litigation settlement

## Summary
- Entered into securities purchase agreement with AJB Capital Investments for a 10% convertible promissory note with principal amount of $350,000, purchase price $315,000.
- Issued 857,143 shares of common stock as commitment fee valued at $300,000.
- Proceeds of approximately $275,000 intended to settle litigation with former CEO (unpaid fees of $310,428).
- Note matures June 2, 2022; convertible into common stock at 90% of market price upon event of default.
- Company must reserve at least 7,000,000 shares for conversion; failure to maintain reserve triggers $5,000 increase in principal per occurrence.

## SEC filing metadata
- accession: 0001062993-21-012448
- form_type: 8-K
- ticker: SNRG
- cik: 0001652539
- company_name: SusGlobal Energy Corp.
- filed_at: 2021-12-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652539/000106299321012448/0001062993-21-012448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652539/000106299321012448/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-21-012448
- JSON: https://secwatch.observer/filing/0001062993-21-012448.json
- Plain text: https://secwatch.observer/filing/0001062993-21-012448.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.