secwatch.observer — SEC 8-K summary
======================================

Issuer:     bowmo, Inc. (—)
CIK:        0001381871
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001213900-24-026169
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

bowmo to acquire OWNverse in stock-and-note deal valued at up to $4.27M
-----------------------------------------------------------------------

- Merger consideration: 2,000 Series I Preferred shares ($2,000,000 stated value), $2M in 2-year notes, and up to $270,000 in 6-month notes.
- Closing expected by March 31, 2024, subject to customary conditions and approvals.
- Aleksei Shestakov to be appointed to bowmo's board of directors upon closing.
- Series I Preferred has $1,000 stated value, votes as-converted, and converts after one year into 0.005% of outstanding common per share.
- OWNverse will become a wholly-owned subsidiary; bowmo's existing board remains unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381871/000121390024026169/0001213900-24-026169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381871/000121390024026169/ea0202611-8k_bowmo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-026169

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