secwatch.observer — SEC 8-K summary
======================================

Issuer:     Envirotech Vehicles, Inc. (EVTV)
CIK:        0001563568
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001437749-24-001850
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Envirotech Vehicles raises $1M via convertible note with 800K warrants
----------------------------------------------------------------------

- Issued $1M convertible promissory note to investor Gerald Douglas Conrod in private placement.
- Note matures at earlier of next S-1 filing or September 30, 2024; includes $99K origination fee.
- Investor receives 800,000 warrants to buy common stock at $1.50/share, expiring 2 years from note date.
- Conversion price is greater of $1.50 or 90% of Nasdaq closing price on conversion date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563568/000143774924001850/0001437749-24-001850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563568/000143774924001850/adom20240118_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001850

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