{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-22-015673","form_type":"8-K","ticker":"SNRG","cik":"0001652539","company_name":"SusGlobal Energy Corp.","filed_at":"2022-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.656168+00:00","generated_at":"2026-06-24T22:03:31.474691+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SusGlobal Energy issues $1.2M convertible note with $120K OID and 1.33M commitment shares","bullets":["Entered SPA with AJB Capital Investments for 10% unsecured convertible note, principal $1.2M, net proceeds $1.08M after $120K OID.","Issued 1,333,333 common shares as commitment fee valued at $800K; total purchase price effectively $1.08M.","Note matures earlier of Dec 23, 2022 or uplist to national exchange; convertible at 90% of market price after Event of Default.","Default interest rate is 15% per annum on overdue amounts; negative covenants include maintaining corporate existence.","Reserve of 8M shares initially for conversion; failure to maintain reserve adds $5K per occurrence to principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-22-015673","json":"https://secwatch.observer/filing/0001062993-22-015673.json","markdown":"https://secwatch.observer/filing/0001062993-22-015673.md","text":"https://secwatch.observer/filing/0001062993-22-015673.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1652539/000106299322015673/0001062993-22-015673-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1652539/000106299322015673/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T22:03:31.474691+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}