secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beyond Commerce, Inc. (BYOC)
CIK:        0001386049
Form:       8-K
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0001096906-21-001679
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Commerce issues $1.5M convertible note to CEO for accrued salary
-----------------------------------------------------------------------

- Convertible promissory note of $1.5M issued to Chairman/CEO Geordan Pursglove in satisfaction of accrued salary.
- Note bears 2% interest, payable in 12 equal monthly installments; convertible at 100% of 5-day VWAP.
- Note issued under Section 4(a)(2) exemption; shares underlying note are restricted.
- CEO is an accredited investor; offering not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386049/000109690621001679/0001096906-21-001679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386049/000109690621001679/byoc-20210719.htm
  HTML page:      https://secwatch.observer/filing/0001096906-21-001679

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer