secwatch.observer — SEC 8-K summary
======================================

Issuer:     HAMMER TECHNOLOGY HOLDINGS CORP. (HMMR)
CIK:        0001539680
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001062993-22-005201
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hammer Fiber Optics raises $742,500 via convertible notes and warrants
----------------------------------------------------------------------

- Entered SPA with Mast Hill Fund for $550K note, net $495K after $55K OID, at 12% interest.
- Entered SPA with Talos Victory Fund for $275K note, net $247.5K after $27.5K OID, at 12% interest.
- Notes mature in one year, convertible at $0.58/share; total of 712,500 commitment shares issued.
- Warrants to purchase up to 300,000 shares at $3.00 and $1.50 per share, each expiring in 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539680/000106299322005201/0001062993-22-005201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539680/000106299322005201/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-005201

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