--- schema_version: "secwatch.filing_event.v1" accession: "0001062993-23-000509" form_type: "8-K" ticker: "SNRG" cik: "0001652539" company_name: "SusGlobal Energy Corp." filed_at: "2023-01-05T23:59:59+00:00" generated_at: "2026-06-20T19:42:20.684617+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # SusGlobal Energy extends two promissory notes, issues 1.62M shares as consideration ## Summary - October 2021 note (~$322k) maturity extended to July 2023; conversion price changed to 35% discount to lowest bid. - June 2022 note principal increased to $1.32M; maturity extended to June 2023. - October note now convertible at any time (previously only on liquidity event); discount widened from 30% to 35%. - Company issued 500k shares for Oct note extension, 450k shares for June note interest, 666,667 commitment shares. ## SEC filing metadata - accession: 0001062993-23-000509 - form_type: 8-K - ticker: SNRG - cik: 0001652539 - company_name: SusGlobal Energy Corp. - filed_at: 2023-01-05T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/0001062993-23-000509-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/form8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001062993-23-000509 - JSON: https://secwatch.observer/filing/0001062993-23-000509.json - Plain text: https://secwatch.observer/filing/0001062993-23-000509.txt ## Key facts - Debt Financings SusGlobal Energy Corp. amended loan of $1,320,000.00 maturing the earlier of June 23, 2023 or the listing of the Company's common stock on a national securities exchange. - Instrument: loan - Principal: $1,320,000.00 - Maturity: the earlier of June 23, 2023 or the listing of the Company's common stock on a national securities exchange - Event: amendment source text: On December 29, 2022, the Company and the investor agreed to extend the maturity date to the earlier of June 23, 2023 or the listing of the Company's common stock on a national securities exchange. In consideration for the extension of the maturity date, the Company agreed to: (i) increase the principal amount to $1,320,000.00 (the "Increased Principal Amount"); evidence_url: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/0001062993-23-000509-index.htm - Debt Financings SusGlobal Energy Corp. amended loan maturing the earlier of July 28, 2023 or the occurrence of a Liquidity Event. - Instrument: loan - Maturity: the earlier of July 28, 2023 or the occurrence of a Liquidity Event - Event: amendment source text: On December 22, 2022, the Company and the investor agreed to extend the maturity date to the earlier of July 28, 2023 or the occurrence of a Liquidity Event. evidence_url: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/0001062993-23-000509-index.htm - Material Agreements SusGlobal Energy Corp. amended June 2022 Promissory Note with an investor valued at Extension of maturity date to June 23, 2023 or stock exchange listing, increase of principal amount (effective 2022-12-29). - Action: amendment - Agreement: notes offering - Counterparty: an investor - Value: Extension of maturity date to June 23, 2023 or stock exchange listing, increase of principal amount - Effective: 2022-12-29 source text: (the "Company") issued a promissory note on October 28, 2021 to an investor (the "October 2021 Note"). The October 2021 Note was in the principal amount of $294,118 and had a maturity date of the earlier of July 28, 2022 or the listing of the Company's common stock on a national securities exchange in connection with a public offering (a "Liquidity Event"). evidence_url: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/0001062993-23-000509-index.htm - Material Agreements SusGlobal Energy Corp. amended October 2021 Promissory Note with an investor valued at Extension of maturity date to July 28, 2023 or Liquidity Event, addition of optional conversion, cha (effective 2022-12-22). - Action: amendment - Agreement: notes offering - Counterparty: an investor - Value: Extension of maturity date to July 28, 2023 or Liquidity Event, addition of optional conversion, cha - Effective: 2022-12-22 source text: On December 22, 2022, the Company and the investor agreed to extend the maturity date to the earlier of July 28, 2023 or the occurrence of a Liquidity Event. In addition, the Company agreed that the investor could convert the October 2021 Note into shares of the Company's common stock at any time at the investor's option. Previously, the October 2021 Note was only convertible upon the occurrence of the Liquidity Event. The Company also agreed to change the conversion price to be the lowest trading bid price of the Company's common stock on the trading day immediately prior to the conversion date multiplied with a 35% discount to that lowest price. Previously, the conversion price was a 30% discount to the price at which the securities were sold in connection with the Liquidity Event. In consideration for the extension of the maturity date, the Company agreed to issue the investor 500,000 shares of the Company's common stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1652539/000106299323000509/0001062993-23-000509-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.