secwatch.observer — SEC 8-K summary
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Issuer:     Bimergen Energy Corp (BESS)
CIK:        0001066764
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001185185-21-001559
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spine Injury Solutions reduces director debt $33,946 via AR transfer; note extended to June 2022
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- Transferred $84,865 in accounts receivable to SPIN Collections LLC, owned by director Peter Dalrymple, in exchange for $33,946 reduction on his $430,000 promissory note.
- Extended maturity date of Dalrymple's secured note from Aug 31, 2021 to June 30, 2022.
- Note originally $610,000, bearing 6% interest, collateralized by all accounts receivable and stock of subsidiary Quad Video Halo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066764/000118518521001559/0001185185-21-001559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066764/000118518521001559/spineinj20211101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-21-001559

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