secwatch.observer — SEC 8-K summary
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Issuer:     Collective Audience, Inc. (—)
CIK:        0001854583
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001213900-24-030404
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Collective Audience enters $100K convertible note and €300K CEO loan
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- Issued $100,000 convertible note to Brown Stone Capital; 8% interest, 2-year maturity.
- Conversion price equals lower of $2.50 or 75% of avg 3 lowest VWAPs in prior 20 trading days.
- CEO Peter Bordes lends up to €300,000 via 7.5% promissory note, 1-year maturity.
- Convertible note proceeds used for audit/accounting fees and general working capital.
- Related-party CEO loan reviewed and unanimously approved by independent directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024030404/0001213900-24-030404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024030404/ea0203086-8k_collective.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-030404

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