secwatch.observer — SEC 8-K summary
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Issuer:     Electromedical Technologies, Inc (EMED)
CIK:        0001715819
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001104659-24-042335
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electromedical settles defaults with Mast Hill Fund; cancels warrants, extends maturity
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- Settled defaults on three security purchase agreements dated Oct 2021, Feb 2022, and Sep 2022.
- All outstanding warrants cancelled; interest and default interest waived until new maturity Sep 25, 2025.
- Interest accrues at 12% per annum; repayment includes 15% of any capital raised while notes outstanding.
- Company also agrees to pay Mast Hill a pro-rata portion of proceeds from current and future product sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715819/000110465924042335/0001104659-24-042335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715819/000110465924042335/tm2410575d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-042335

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