secwatch.observer — SEC 8-K summary
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Issuer:     Greenland Mines Ltd (GRML)
CIK:        0001907223
Form:       8-K
Filed at:   2025-01-24T23:59:59+00:00
Accession:  0001213900-25-006105
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Klotho Neurosciences raises $2M via convertible notes and warrants with institutional investor
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- Aggregate purchase price of $2M for convertible notes (principal $2,173,914) and warrants (4M shares).
- First closing: $1M for $1,086,957 note (7% interest, 8% OID) and warrant to buy 2M shares at $0.50.
- Notes convertible at $0.25/share; conversion capped at 4.99% (9.99% optional) of outstanding common stock.
- Registration statement to be filed within 15 days; second $1M closing conditional on SEC effectiveness.
- Stockholder meeting within 90 days to approve issuance exceeding 19.99% of outstanding shares; voting agreement in place.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907223/000121390025006105/0001213900-25-006105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907223/000121390025006105/ea0228576-8k_klotho.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-006105

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