---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-029345"
form_type: "8-K"
ticker: null
cik: "0001786511"
company_name: "Fresh2 Group Ltd"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:43:30.887475+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fresh2 Group issues $200K convertible note with floor price $0.128; amends prior warrants

## Summary
- Issued $200,000 convertible note to JAK OPPORTUNITIES V LLC on March 27, 2024.
- Conversion price is lower of $1.86 or 10-day VWAP, with floor at $0.128 per share.
- Company may prepay at 110% of outstanding plus 50% warrant coverage for shares issuable on conversion.
- Warrant letter clarifies exercise price for prior warrants: aggregate ADS exercise price divided by 20 for ordinary shares.
- Note bears interest at default rate of 18% per annum upon event of default.

## SEC filing metadata
- accession: 0001213900-24-029345
- form_type: 8-K
- cik: 0001786511
- company_name: Fresh2 Group Ltd
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786511/000121390024029345/0001213900-24-029345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786511/000121390024029345/ea0203126-8k_fresh2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-029345
- JSON: https://secwatch.observer/filing/0001213900-24-029345.json
- Plain text: https://secwatch.observer/filing/0001213900-24-029345.txt

## Key facts
- Debt Financings
  Fresh2 Group Ltd incurred convertible notes of $200,000 with an institutional investor.
  - Instrument: convertible notes
  - Principal: $200,000
  - Counterparty: an institutional investor
  - Event: incurrence
  source text: On March 27, 2024, the Company issued $200,000 of its convertible notes (the “Convertible Note”) to the Investor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786511/000121390024029345/0001213900-24-029345-index.htm
- Material Agreements
  Fresh2 Group Ltd amended Securities Purchase Agreement with an institutional investor (effective 2024-03-27).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: an institutional investor
  - Effective: 2024-03-27
  source text: resh2 Group Limited (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”) to purchase (i) $400,000 of its convertible notes and warrants to purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786511/000121390024029345/0001213900-24-029345-index.htm

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