secwatch.observer — SEC 8-K summary
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Issuer:     Big Digital Energy, Inc. (BGDE)
CIK:        0001218683
Form:       8-K
Filed at:   2026-07-06T12:41:41+00:00
Accession:  0001213900-26-075248
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Big Digital Energy JV with 10NetZero to acquire Texas AI datacenter site; raises $15M
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- 50/50 JV with 10NetZero to acquire ~50-acre Hood County, TX site with 17 MW live ERCOT power, expandable to 311 MW.
- Site has 30,000 sq ft existing structures; on-site gas lines support behind-the-meter generation for AI datacenter.
- Issued 16,700 shares of Series D Convertible Preferred Stock at $900/share to Six Thirty AI, LLC for $15.03M gross proceeds.
- Series D carries 5% PIK dividend (18% on trigger event), convertible at 95% of 5-day VWAP with $1.80 floor; warrant for 926,748 shares at $10.81.
- Purchaser is controlled by executive management; disinterested committee approved; Nasdaq stockholder approval required for conversions above limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1218683/000121390026075248/0001213900-26-075248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1218683/000121390026075248/ea0296900-8k_bigdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-075248

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