secwatch.observer — SEC 8-K summary
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Issuer:     Everything Blockchain, Inc. (EBZT)
CIK:        0001730869
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001477932-21-005132
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everything Blockchain settles with BOTS; exchanges note and BIT tokens for 250k Series B Preferred shares
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- Entered settlement with BOTS: BOTS returns 250,000 Series B Preferred shares to treasury; EBI assigns $1.4M note receivable and transfers 20,726,120 BIT tokens.
- The note from First Bitcoin Capital Corp carried ~$110,000 accrued interest; total consideration discharged.
- Transaction is a related-party settlement conducted at arm's length; mutual release of claims.
- Both parties agree to arbitration in Henderson, NV under AAA rules; governed by Florida law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730869/000147793221005132/0001477932-21-005132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730869/000147793221005132/obtx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-005132

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