---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-106997"
form_type: "8-K"
ticker: "HGAS"
cik: "0001817232"
company_name: "Global Gas Corp"
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:46:05.522316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Global Gas amends two promissory notes, adds 5% PIK interest and conversion at $0.15/share

## Summary
- Sponsor Note principal fixed at $170,000; Glatt Note at $103,950; maturity extended to March 31, 2025.
- Both notes now carry 5% annual interest payable in kind (non-cash), replacing zero interest.
- Holders can convert principal + accrued interest into Class A common at $0.15 per share.
- Notes are unsecured; maturity may be extended by holder's written consent.
- Conversion price equals last sale price on Dec 5, 2024, potentially dilutive if exercised.

## SEC filing metadata
- accession: 0001213900-24-106997
- form_type: 8-K
- ticker: HGAS
- cik: 0001817232
- company_name: Global Gas Corp
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817232/000121390024106997/0001213900-24-106997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817232/000121390024106997/ea0224117-8k_global.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-106997
- JSON: https://secwatch.observer/filing/0001213900-24-106997.json
- Plain text: https://secwatch.observer/filing/0001213900-24-106997.txt

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