secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHY EXTRACTS INC. (HYEX)
CIK:        0001630176
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001096906-23-000630
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthy Extissues $330K promissory note and 3.3M warrants to consolidate debt
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- Promissory note of $330K ($300K net after 10% OID) at 10% interest, matures Sept 2024.
- Fifteen monthly payments of $23,359 starting June 17, 2023; prepayment required within 5 days of Nasdaq listing.
- Warrants to purchase 3.3M shares at $0.05/sh for 3 years; include cashless exercise.
- Proceeds used to pay off and consolidate existing debt, reducing monthly cash obligations.
- Issuance exempt under Section 4(a)(2); investor is accredited/sophisticated (undisclosed name).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630176/000109690623000630/0001096906-23-000630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630176/000109690623000630/hyex-20230320.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-000630

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