secwatch.observer — SEC 8-K summary
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Issuer:     CLS Holdings USA, Inc. (—)
CIK:        0001522222
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001185185-24-000190
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CLS Holdings issues $1.35M secured notes at 12%, redeems $1.2M+ debentures and 13.2M shares
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- Issued four secured promissory notes for $1,350,000 total, 12% interest, maturing Feb 2026.
- Used $1,250,000 of proceeds to redeem unsecured debentures bearing 15% interest, plus warrants and shares.
- Retired $1,200,000 in principal and $326,250 in accrued interest on debentures.
- Repurchased 13,174,402 shares at $0.045 each, reducing outstanding shares from 137.7M to 124.4M.
- Remaining proceeds will be used for general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522222/000118518524000190/0001185185-24-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522222/000118518524000190/cls20240225_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000190

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