---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-22-007676"
form_type: "8-K"
ticker: "SNRG"
cik: "0001652539"
company_name: "SusGlobal Energy Corp."
filed_at: "2022-03-15T23:59:59+00:00"
generated_at: "2026-06-26T22:48:31.379133+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SusGlobal Energy issues $2M convertible notes with 25% OID, netting ~$1.5M

## Summary
- Entered into SPAs for $2M principal of 25% OID convertible notes; net proceeds ~$1.5M after $500K OID.
- Notes mature June 3, 2022 or upon a Liquidity Event; convertible at 30% discount to offering price in a public offering.
- Issued 95,000 restricted shares and $60,000 cash to a consultant related to an investor.
- Proceeds for general working capital; Spartan Capital and Revere Securities acted as placement agents.
- Notes carry 24% default interest and conversion price reset on default.

## SEC filing metadata
- accession: 0001062993-22-007676
- form_type: 8-K
- ticker: SNRG
- cik: 0001652539
- company_name: SusGlobal Energy Corp.
- filed_at: 2022-03-15T23:59:59+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/1652539/000106299322007676/0001062993-22-007676-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652539/000106299322007676/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-007676
- JSON: https://secwatch.observer/filing/0001062993-22-007676.json
- Plain text: https://secwatch.observer/filing/0001062993-22-007676.txt

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