8-K
filed May 10, 2024, 7:59 PM ET
ticker HYEX
CIK 0001630176
other material
confidence high
sentiment negative
materiality 0.75
Healthy Extracts dismisses BF Borgers as auditor after SEC order; extends convertible notes maturity to 2026
HEALTHY EXTRACTS INC.
- Dismissed BF Borgers CPA PC as independent auditor effective May 8, 2024; engaged Bush & Associates CPA LLC as replacement.
- BF Borgers' audit reports for FY2022 and FY2023 included a going concern explanatory paragraph; no other disagreements.
- SEC issued an order on May 3, 2024 barring BF Borgers from appearing or practicing before the SEC.
- Amended two convertible notes (aggregate principal ~$427,777) extending maturity from April 2024 to June 25, 2026.
- Monthly amortized payments required; if equity raise exceeds $100k, 20% of excess goes to principal reduction.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
HEALTHY EXTRACTS INC. engaged Bush & Associates CPA LLC as its auditor.
- Action
- engagement
- Auditor
- Bush & Associates CPA LLC
Exact text from the filing
Also on May 8, 2024, we engaged Bush & Associates CPA LLC ("Bush") as BF Borgers’ replacement.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
HEALTHY EXTRACTS INC. dismissed BF Borgers CPA PC as its auditor.
- Action
- dismissal
- Auditor
- BF Borgers CPA PC
- Successor
- Bush & Associates CPA LLC
Exact text from the filing
Effective May 8, 2024, we dismissed BF Borgers CPA PC ("BF Borgers") as our independent registered public accounting firm. Also on May 8, 2024, we engaged Bush & Associates CPA LLC ("Bush") as BF Borgers’ replacement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HEALTHY EXTRACTS INC. amended Second Amendment (effective 2024-05-03).
- Action
- amendment
- Agreement
- notes offering
- Effective
- 2024-05-03
Exact text from the filing
On May 3, 2024 and May 6, 2024, we received executed copies of a Second Amendment to each of the convertible notes, extending the Maturity Dates to June 25, 2026
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HEALTHY EXTRACTS INC. entered into Securities Purchase Agreement with two investors valued at $388,888 (effective 2023-01-24).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- two investors
- Value
- $388,888
- Effective
- 2023-01-24
Exact text from the filing
On January 24, 2023, we entered into a Securities Purchase Agreement for the sale of convertible notes in the aggregate principal amount of $388,888
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HEALTHY EXTRACTS INC. amended First Amendment (effective 2023-10-31).
- Action
- amendment
- Agreement
- notes offering
- Effective
- 2023-10-31
Exact text from the filing
Effective October 31, 2023, we entered into a First Amendment to each of the convertible notes, extending the Maturity Dates to April 23, 2024 and April 24, 2024
View on SEC.gov
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