secwatch.observer — SEC 8-K summary
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Issuer:     SUNHYDROGEN, INC. (HYSR)
CIK:        0001481028
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001213900-23-051387
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481028/000121390023051387/0001213900-23-051387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481028/000121390023051387/ea180875-8k_sunhydro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-051387

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