secwatch.observer — SEC 8-K summary
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Issuer:     GROWLIFE, INC. (—)
CIK:        0001161582
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001161697-23-000188
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Growlife issues $125K convertible note and 3.125M commitment shares to Fourth Man LLC
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- Principal $125,000; original issue discount $21,250; net proceeds $92,987.50.
- Interest at 10% per annum, first-year interest $12,500 guaranteed; maturity 12 months.
- Conversion price $0.01 per share, subject to standard anti-dilution adjustments.
- 3,125,000 commitment shares issued as additional consideration; 2,125,000 may be cancelled if note repaid by June 21, 2023.
- Investor granted piggyback registration rights on shares underlying the note and commitment shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/0001161697-23-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-23-000188

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