---
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"
generated_at: "2026-06-24T22:03:31.474691+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SusGlobal Energy issues $1.2M convertible note with $120K OID and 1.33M commitment shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-015673
- JSON: https://secwatch.observer/filing/0001062993-22-015673.json
- Plain text: https://secwatch.observer/filing/0001062993-22-015673.txt

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