secwatch.observer — SEC 8-K summary
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Issuer:     Evolution Metals & Technologies Corp. (EMAT)
CIK:        0001866226
Form:       8-K
Filed at:   2026-09-18T10:03:45+00:00
Accession:  0001213900-26-101116
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EMAT raises $30.9M via convertible debentures to Yorkville; first tranche $22M
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- Yorkville (YA II PN) to buy $30,927,835 in convertible debentures; purchase price 97% of principal.
- First $22M issued Sep 17, 2026; $2M due on S-1 filing; $6,927,835 due on effectiveness of registration.
- Conversion price lower of fixed $5.02 or 95% of lowest 5-day VWAP, subject to floor; 4% interest (18% default), maturity Sep 17, 2028.
- Proceeds for general corporate purposes and expansion; subsidiaries guarantee obligations via Global Guarantee Agreement.
- Subject to Nasdaq Exchange Cap and 4.99% beneficial ownership limit; issued under Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866226/000121390026101116/0001213900-26-101116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866226/000121390026101116/ea0305908-8k_evolution.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-101116

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