secwatch.observer — SEC 8-K summary
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Issuer:     Big Digital Energy, Inc. (BGDE)
CIK:        0001218683
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001171843-24-001726
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mawson discloses multiple creditor defaults; mulls exit from Australian entities
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- Disputes W Capital default claim on $0.5M convertible note; W Capital seeks $166k interest.
- Australian sub owes AUD$1.45M ($0.99M) working capital loan to W Capital; default interest of AUD$298k claimed.
- Marshall loan of AUD$12.07M ($8.22M) principal; default could raise interest from 12% to 17%; sub in receivership.
- Celsius claims $8M promissory note default; Luna offsets with $6.96M unpaid colocation invoices; Celsius in bankruptcy.
- Company may voluntarily or involuntarily wind up Australian entities and exit TDI equity stake.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/0001171843-24-001726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1218683/000117184324001726/f8k_032924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001726

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