---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-046864"
form_type: "8-K"
ticker: "BIOE"
cik: "0001723059"
company_name: "Bio Essence Corp"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:42:10.161016+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bio Essence Corp. converts $2.5M CEO debt into 5M shares

## Summary
- Board approved conversion of $2,500,000 debt owed to CEO Yin Yan into 5,000,000 common shares.
- Effective May 31, 2023; conversion price $0.50 per share.
- Ms. Yan executed a full release of all claims associated with the debt.
- Conversion eliminates $2.5M liability from balance sheet, reducing leverage.
- Issuance of 5M shares dilutes existing shareholders' equity.

## SEC filing metadata
- accession: 0001213900-23-046864
- form_type: 8-K
- ticker: BIOE
- cik: 0001723059
- company_name: Bio Essence Corp
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723059/000121390023046864/0001213900-23-046864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723059/000121390023046864/ea179880-8k_bioessence.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-046864
- JSON: https://secwatch.observer/filing/0001213900-23-046864.json
- Plain text: https://secwatch.observer/filing/0001213900-23-046864.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.