---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-013567"
form_type: "8-K"
ticker: "SNRG"
cik: "0001652539"
company_name: "SusGlobal Energy Corp."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:17:44.826638+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SusGlobal Energy receives default notice on $4.9M promissory notes due to conversion failure

## Summary
- New default notice on June 8, 2023 because holders could not receive common shares under conversion terms.
- Total owed: $4,892,946, comprising $1.3M (Oct 2021 note), $3.168M (March 2022 notes), and $424,946 accrued interest.
- Cure periods have expired; notes are past due and in default.
- Prior August 2022 default was cured by amendment in September 2022; current default remains uncured.

## SEC filing metadata
- accession: 0001062993-23-013567
- form_type: 8-K
- ticker: SNRG
- cik: 0001652539
- company_name: SusGlobal Energy Corp.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652539/000106299323013567/0001062993-23-013567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652539/000106299323013567/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-013567
- JSON: https://secwatch.observer/filing/0001062993-23-013567.json
- Plain text: https://secwatch.observer/filing/0001062993-23-013567.txt

## Key facts
- Debt Financings
  SusGlobal Energy Corp. reported a default on loan of $4,892,946 with holders of the Promissory Notes maturing past due.
  - Instrument: loan
  - Principal: $4,892,946
  - Counterparty: holders of the Promissory Notes
  - Maturity: past due
  - Event: default
  source text: March 7, 2022 promissory notes now have a total principal amount of $3,168,000 and the interest that has accrued on such notes is equal to $424,946. The Company owes a total of $4,892,946 pursuant to the Promissory Notes. Each of the three promissory notes is now past due. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652539/000106299323013567/0001062993-23-013567-index.htm

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