---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-051387"
form_type: "8-K"
ticker: "HYSR"
cik: "0001481028"
company_name: "SUNHYDROGEN, INC."
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T17:55:53.095909+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SunHydrogen converts $148,603 convertible note into 1,486 Series C Preferred shares

## Summary
- Converted $100,000 principal plus $48,603 accrued interest on a 2018 note into 1,486 Series C Preferred shares.
- Series C Preferred has 10% annual dividend, no voting rights, $100 face value, convertible into common at fixed price.
- Investor John W. Baer Trust cancelled the note and waived future accrued interest.
- Debt conversion reduces liabilities but dilutes common shareholders via potential conversion.

## SEC filing metadata
- accession: 0001213900-23-051387
- form_type: 8-K
- ticker: HYSR
- cik: 0001481028
- company_name: SUNHYDROGEN, INC.
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481028/000121390023051387/0001213900-23-051387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481028/000121390023051387/ea180875-8k_sunhydro.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-051387
- JSON: https://secwatch.observer/filing/0001213900-23-051387.json
- Plain text: https://secwatch.observer/filing/0001213900-23-051387.txt

## Key facts
- Material Agreements
  SUNHYDROGEN, INC. entered into Purchase Agreement with an accredited investor valued at $148,603 (effective 2023-06-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an accredited investor
  - Value: $148,603
  - Effective: 2023-06-19
  source text: Effective June 19, 2023, SunHydrogen, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1481028/000121390023051387/0001213900-23-051387-index.htm

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