secwatch.observer — SEC 8-K summary
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Issuer:     SolarWindow Technologies, Inc. (WNDW)
CIK:        0001071840
Form:       8-K
Filed at:   2021-12-14T23:59:59+00:00
Accession:  0001171843-21-008513
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarWindow President John Rhee acquires 62% majority stake via LQE; deferred payment terms
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- LQE purchased 32,984,331 shares (62% of outstanding) and warrants from Kalen Capital, increasing beneficial ownership to ~72% fully diluted.
- Total consideration: CAD$47.5M (~US$37.4M) due 120 days post-close; CAD$16.5M penalty if paid later but before 240 days.
- Operating covenants restrict share issuance, asset sales >$500K, capital expenditures, and director changes until full payment.
- If payment defaults, LQE must transfer repurchased shares to Kalen for nil consideration; former controller Harmel Rayat retains 4.99%.
- Transaction reaffirms management commitment to SolarWindow's LiquidElectricity technology and South Korea expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071840/000117184321008513/0001171843-21-008513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071840/000117184321008513/f8k_121421.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-008513

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