secwatch.observer — SEC 8-K summary
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Issuer:     Electromedical Technologies, Inc (EMED)
CIK:        0001715819
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001104659-21-128200
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ElectroMedical Tech raises $750K via convertible notes; charter amendment gives super-voting to Series B Preferred
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- Mast Hill Fund lends $500K (10% interest, OID $50K) and Talos Victory Fund $250K (10% interest, OID $25K); each convertible at $0.06/share.
- 5-year warrants issued: 4,166,666 shares at $0.12 per share to Mast Hill; 2,083,333 shares at $0.12 per share to Talos.
- Board increased authorized common stock to 250M shares; created Series B Preferred Share with super-voting rights (issued shares + 100K votes).
- Warrant cancellations: Vista Capital gets 1M restricted shares; Jefferson Street cancels remainder after $750K financing condition met.
- Yorkville debentures fully converted and satisfied; warrant exercise price adjusted to $0.025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715819/000110465921128200/0001104659-21-128200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715819/000110465921128200/tm2130685d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-128200

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