secwatch.observer — SEC 8-K summary
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Issuer:     LIQTECH INTERNATIONAL INC (LIQT)
CIK:        0001307579
Form:       8-K
Filed at:   2022-06-27T23:59:59+00:00
Accession:  0001437749-22-015922
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiqTech closes $6M senior notes & warrant private placement; repays $13.5M convertible note
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- Issued $6M senior notes to affiliates of Bleichroeder, 21 April Fund; warrants to buy 4.25M shares at $0.65.
- Notes have 24-month term, 0% interest initially, then 10% p.a. (increasing monthly to 16%) if unpaid after 2 years.
- Warrants exercisable for 5 years at $0.65/share; Investors get registration rights for shares underlying warrants.
- Proceeds combined with May 2022 equity raise to repay all $13.5M of the High Trail Capital convertible note due 2023.
- Placement agent Lake Street Capital received warrants equal to 2.5% of gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1307579/000143774922015922/0001437749-22-015922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1307579/000143774922015922/liqt20220623_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-015922

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