8-K
filed December 18, 2023, 6:59 PM ET
ticker RMSL
CIK 0001412126
other material
confidence high
sentiment negative
materiality 0.85
Remsleep Holdings enters equity line with Quick Capital for up to 300M shares at 70% discount
RemSleep Holdings Inc.
- Purchase agreement allows Remsleep to sell up to $100,000 per put (min $20,000) at 70% of lowest traded price over 15-day valuation period.
- Quick Capital gets 3-year warrant for 15M shares at $0.015, earned upon first put notice.
- Prior similar agreement with Janbella Group for 300M shares terminated on Dec 15, 2023.
- Beneficial ownership limitation capped at 4.99%; puts restricted to one per 10 business days.
- Purchase price floor of $0.001 per share; registration statement to be filed within 30 days.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RemSleep Holdings Inc. entered into Warrant with Quick Capital, LLC valued at warrant to purchase 15,000,000 shares at $0.015 per share (effective 2023-12-15).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Quick Capital, LLC
- Value
- warrant to purchase 15,000,000 shares at $0.015 per share
- Effective
- 2023-12-15
Exact text from the filing
Pursuant to the terms of the Purchase Agreement, the Company issued a three-year warrant to purchase 15,000,000 shares of Company Common Stock to Quick Cap, at a purchase price of $0.015 per share, as additional consideration for its commitment to purchase shares of the Company’s Common Stock under the Purchase Agreement (the “Warrant”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RemSleep Holdings Inc. entered into Registration Rights Agreement with Quick Capital, LLC valued at Company agreed to file a registration statement within 30 days (effective 2023-12-15).
- Action
- entry
- Counterparty
- Quick Capital, LLC
- Value
- Company agreed to file a registration statement within 30 days
- Effective
- 2023-12-15
Exact text from the filing
In connection with the Purchase Agreement, the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with Quick Cap, dated as of December 15, 2022, pursuant to which the Company agreed to file with the Securities and Exchange Commission (the “SEC”) a registration statement to register for resale the shares of Common Stock that have been or may be issued to Quick Cap under the Purchase Agreement within 30 days of the date of the Purchase Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RemSleep Holdings Inc. entered into Purchase Agreement with Quick Capital, LLC valued at up to 300,000,000 shares of Common Stock at a discount to market price (effective 2023-12-15).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Quick Capital, LLC
- Value
- up to 300,000,000 shares of Common Stock at a discount to market price
- Effective
- 2023-12-15
Exact text from the filing
On December 15, 2023, Remsleep Holdings, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with Quick Capital, LLC (“Quick Cap”), pursuant to which Quick Cap has agreed to purchase from the Company up to 300,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), subject to certain limitations, from time-to-time during the term of the Purchase Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RemSleep Holdings Inc. terminated Janbella Purchase Agreement with Janbella Group, LLC valued at Termination of agreement to purchase up to 300,000,000 shares (effective 2023-12-15).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Janbella Group, LLC
- Value
- Termination of agreement to purchase up to 300,000,000 shares
- Effective
- 2023-12-15
Exact text from the filing
On December 15, 2023, the Company and Janbella Group, LLC terminated a similar purchase agreement (the “Janbella Purchase Agreement”) entered into between the parties on September 18, 2023, pursuant to which Janbella Group, LLC had agreed to purchase of to 300,000,000 shares of the Company’s common stock, par value $0.001 per share, subject to certain limitations, from time-to-time during the term of the Purchase Agreement.
View on SEC.gov
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