ElectroMedical settles $668K debt with 26.7M shares to JR-HD Enterprises III

Electromedical Technologies, Inc

Settled five promissory notes totaling $617,353 principal + $51,017 accrued interest via restricted common stock.
Issued 26,734,800 shares of restricted common stock on July 6, 2022 as consideration.
Shares issued to JR-HD Enterprises III, LLC; exemption from registration claimed under Rule 4(a)(2).
Board approved settlement on July 4, 2022; agreement entered on June 21, 2022.
No material relationship between company and noteholder beyond the notes.

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