secwatch.observer — SEC 8-K summary
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Issuer:     Brag House Holdings, Inc. (TBH)
CIK:        0001903595
Form:       8-K
Filed at:   2025-12-10T23:59:59+00:00
Accession:  0001213900-25-120192
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brag House secures up to $100M equity line and $11M convertible note from institutional investor
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- Company can sell up to $100M of common stock at 97% of VWAP over 36 months; $1M commitment fee payable from 10% of proceeds.
- Issued convertible note with up to $11M principal; first $3.85M advance closed at 90% of par, net $3.465M delivered to House of Doge.
- Conversion price set at 95% of lowest daily VWAP over 5 preceding days; beneficial ownership capped at 4.99% (may increase to 9.99%).
- HOD note amended: principal raised from $8M to $10M; Company's lien subordinated to investor's lien.
- Nasdaq cap of 3,957,838 shares (19.99% of pre-deal outstanding) applies unless stockholder approval obtained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1903595/000121390025120192/0001213900-25-120192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1903595/000121390025120192/ea0269070-8k_brag.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-120192

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